The Canadian Forces is facing “a death spiral” when it comes to recruitment, even as the government is “constrained” on more defence spending, Defence Minister Bill Blair says. Blair made those remarks after speaking to a crowd attending the Ottawa Conference on Security and Defence on Thursday, though stressed the government’s commitment to spend more … Read more
The federal government’s spending priorities are shifting dramatically in the next fiscal year as federal programs put in place during or after the pandemic wind down and the government looks to trim costs across a variety of departments. The budgetary shift out of pandemic mode is most evident at the Public Health Agency of Canada … Read more
Chancellor Jeremy Hunt has been urged to give a compassionate Spring Budget – by finally granting free prescriptions to sufferers with rare genetic diseases like cystic fibrosis. A year ago the Daily Express and the Cystic Fibrosis Trust handed in a petition at 10 Downing Street, asking the Government to finally make CF sufferers exempt … Read more
The federal government will table its 2024 budget on April 16, Deputy Prime Minister and Finance Minister Chrystia Freeland says. Freeland said in a news release Monday the budget will be released at 4 p.m. Eastern that day. “Our economic plan is about building more homes, faster, making life more affordable, and creating more good jobs,” she said. “This … Read more
New Delhi: The Ministry of Statistics and Programme Implementation (MoSPI) reduced the number of estimates and the timeline for releasing final estimates for GDP by one year, by doing away with the third revised estimate. The ministry will now release five GDP numbers instead of six, with the final revision coming nearly two years from … Read more
Reserve Bank Governor Shaktikanta Das on Monday said lower government borrowings than the market estimates will free more capital for the private sector resulting in easing of inflation and bolstering growth. “This year’s borrowing is lower than what initially the markets had expected. Lower quantum of borrowing means…it would ensure that much more resources will … Read more
As Finance Minister Nirmala Sitharaman resisted the lure of populist schemes in an election year but followed the fiscal deficit consolidation path by maintaining its investment-led spending growth strategy, investors have welcomed the interim Budget. It also throws up scores of stock ideas from the world of infrastructure, railways, capital goods, renewables, solar power, tourism … Read more
Indian government bond yields extended their decline on Friday, tracking moves in U.S. Treasury yields, a day after the federal budget’s tepid targets triggered aggressive debt purchases. India’s benchmark 10-year yield was at 7.0265% as of 10:30 a.m. IST, following its previous close at 7.0583%. Thursday’s close was the lowest since July 18 and the … Read more
The Nifty Bank outperformed the benchmark indices on the Budget Day on Thursday. The index rose nearly 200 points to close at 46,188, while the Nifty50 closed below 21,700 levels. Stocks that led the rally for Nifty Bank include names like PNB, Bank of Baroda, Axis Bank, SBI, and HDFC Bank. The Nifty Bank managed … Read more
The Nifty Bank outperformed the benchmark indices on the Budget Day on Thursday. The index rose nearly 200 points to close at 46,188, while the Nifty50 closed below 21,700 levels. Stocks that led the rally for Nifty Bank include names like PNB, Bank of Baroda, Axis Bank, SBI, and HDFC Bank. The Nifty Bank managed … Read more
