Illustration: Ajay Mohanty Fintech firm Enkash expects its business to grow by 36 per cent to USD 30 million, about Rs 250 crore, in this fiscal on account of digitisation in small and medium business in the accounting segment, a senior official of the company said. Ascent Capital-backed Enkash founder Hemant Vishnoi told… Continue reading Enkash expects business to grow by 36% to Rs 250 crore this fiscal
Tag: fiscal
India’s fiscal deficit reaches 25.3% of FY24 target, shows govt data
The Centre used 25.3 per cent or Rs 4.5 trillion of its fiscal deficit target at the end of first quarter of financial year 2023-24 (FY24), according to data released by the Controller General of Accounts (CGA) on Monday. The fiscal deficit — the gap between government’s expenditure and revenue — stood at… Continue reading India’s fiscal deficit reaches 25.3% of FY24 target, shows govt data
Growth moderation, incentivising fiscal prudence & more
Illustration: Ajay Mohanty Corporate results for the April-June quarter of 2023-24 suggest a moderation in revenue and profit growth. Corporate revenues and profits have tapered off compared to the previous quarter (Q4FY23), though there has been impressive year-on-year growth, notes out lead editorial Read here In other views: In the context state government… Continue reading Growth moderation, incentivising fiscal prudence & more
Incentivising fiscal prudence for states
Premium Illustration: AJAY MOHANTY At 28 per cent of gross domestic product (GDP), states account for nearly a third of the total debt of Indian governments. (The central government accounts for the rest.) In coming years, the share of the states will almost certainly increase still further. The question is, by how much and —… Continue reading Incentivising fiscal prudence for states
BankBazaar.com hopes to breakeven this fiscal, to file DRHP for IPO next yr
Fintech firm BankBazaar.com expects its bottomline to turn positive this financial year helped by newer products including co-branded credit cards on UPI. Post breakeven, the company would start the preparation for listing and hopes to file the Draft Red Herring Prospectus for initial public offering (IPO) in the next financial year, BankBazaar.com founder… Continue reading BankBazaar.com hopes to breakeven this fiscal, to file DRHP for IPO next yr