GVD

India raises spending and avoids “outright populism” in the pre-election budget

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Capital expenditure will increase by 33% to 10 trillion rupees in 2023/24 The government targets total borrowing at 15.43 trillion rupees It looks forward to a fiscal deficit of 5.9% in 2023/24, 4.5% by 2025/26 NEW DELHI (Reuters) – India on Wednesday announced one of the largest increases ever in capital spending for the next … Read more

Asian stocks are slightly higher, and the Bank of Japan is struggling bears on bonds

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https://tmsnrt.rs/2zpUAr4 The Bank of Japan is under heavy pressure while defending the yield policy The BoJ’s surrender could lift the yen, hurting global bonds More profits to come, many central bank speakers SYDNEY (Reuters) – Asian stocks rose on Monday as investors waited anxiously to see if the Bank of Japan (BOJ) would defend its … Read more