Centre committed to reducing fiscal deficit: Nirmala Sitharaman

October 26, 2026 6:06 PM

Centre committed to reducing fiscal deficit: Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman on Monday said the Centre is committed to reducing the fiscal deficit, as evidenced by the annual budgets, stressing that the national debt will be limited to 50 per cent of the GDP by 2030. Addressing concerns about the national debt, she said that since the post-COVID period, every nation has faced debt challenges. “We are committed to reducing the fiscal deficit, as evidenced by our annual budgets. We have openly stated our goal that by 2030, the ...

French parliament ousts prime minister, deepening political crisis

September 9, 2025 9:46 AM

French parliament ousts prime minister, deepening political crisis

France's parliament brought down the government on Monday over its plans to tame the ballooning national debt, deepening a political crisis that is weakening the euro zone's second-largest economy. Lawmakers voted to oust Prime Minister Francois Bayrou and his minority government with 364 votes against the veteran centrist politician and 194 in his favour. President Emmanuel Macron, who is facing calls from the opposition to dissolve parliament and resign, will instead hunt for his fifth p...