India's budget will attempt decreasing the fiscal deficit to 4.8% of Gross Domestic Product (GDP) in the next financial year, with the government is expected to control growth in expenses, but increase food and fuel subsidies primarily to relieve the people from the pain of rising inflation. As reported by Dow Jones Capital Markets Report, the government states that it will rely on higher tax revenue from stronger economic growth and proceeds from the sale of state assets to try to reduce the deficit, which is likely to be less than the estimated figure of 5.2% of GDP this financial year. |
Hong Kong's composite interest rate declined 3 basis points (bps) registering 0.25% in February this year. As reported by News.gov.hk, the decrease in the composite rates was due to the decline ... more
Thailand's government is likely to offer financial support for export-oriented small- and medium-sized enterprises (SMEs) and the indigenous industry, resulting in an increase in volume and value ... more
Singapore's small businesses are expected to be having concerns regarding the new and diverse government incentive schemes, which were announced in the recent Budget. As reported by ... more