End Of Fiscal Year 2024 Summary. At the end of 2021, the policy rate was expected to remain negative even in 2027 according to market pricing (and expert surveys). In the first quarter of fiscal 2025 is related to lower retail sales and operating margins.
Adjusted to exclude the effects of shifts in the timing of certain payments, the deficit amounts to $2.0 trillion in 2024 and grows to $2.8 trillion by 2034. Monetary limits for filing direct taxes, excise and service tax related appeals in tax tribunals, high courts and supreme court increased to โน60 lakh, โน2 crore and โน5 crore respectively.