Expenditure

Most of the other major states, including Gujarat, Uttar Pradesh, Karnataka, Kerala, Rajasthan, Telangana and Haryana, hew close to either extreme

Finance minister Nirmala Sitharaman on Wednesday said that the effort of the government over the years has been to increase public expenditure with a view to promote growth. Speaking at the Post-Budget interactive session with the members of the industry chamber PHDCCI, the minister said that the government in the 2023-24 budget increased the capital expenditure by 33 per cent to Rs 10 lakh crore. "Consistently for the last three-four years, the emphasis has been given on public capital expenditure. We have kept that up in this budget...capital expenditure, clearly can be said as a real focus of this budget," she said. On a question of including petroleum products under the Goods and Services Tax (GST) regime, the minister said it could be done if there is an agreement among the states. She further said that the states were being nudged to carry forward reforms in various sectors including power and also implement the 'one nation, one ration card' scheme.

With 10 days to go until the end of the Fifa World Cup, fans have already spent more money than they did when Brazil hosted in 2014, and 89% of the value they spent at Russia in 2018

PFCE, a proxy for household and private sector consumption, was 61.6% of nominal GDP in Q2FY23, as against 61.1% in the previous quarter and 59.5 per cent a year ago

FM Nirmala Sitharaman and senior officials will hold eight meetings in all with all stakeholders

The Centre is hopeful of keeping the fiscal deficit at 6.4 per cent of nominal GDP in FY23

In a Q&A, Dr Ajay Mathur talks about the Alliance's current agenda, and financing and capacity building plans across green sectors

The 2018-19 National Health Accounts estimates show a substantial reduction in out-of-pocket expenditure (OOPE), reaffirming the government's commitment towards easing citizens' financial burden, the health ministry said Friday, rejecting reports that questioned the accuracy of data. The ministry termed such media reports "misleading and incorrect". In a statement, the ministry said the criticism of NHA 2018-19 is a "typical prima facie example of ignoring facts and sound reason" and leaving the mantle of justification to the others. The NHA provides detailed information on expenditure incurred within the health sector of the country. "The recent NHA estimates (2018-19) show a substantial reduction in out-of-pocket expenditure (OOPE), reaffirming the government's commitment towards easing the citizens' financial burden," the statement said. It said calling this data a "mirage" by one expert of health economics working in a private Indian University and quoted in certain sections o

Sabnavis said the progress till August shows that the government's accounts are on course compared with last year

But financial considerations remain, especially if disinvestment receipts don't meet Budget target

Office memorandum flagged fiscal concerns due to impact of Ukraine war on fuel prices. With Covid-19 having largely subsided, reasons for which earlier extensions were given no more seem to hold

In 2021, govt spent Rs 1,624.4 crore, or 77%, on undertrials alone

The contract farming model isn't benefiting the growers anymore, they allege

Robust revenue collection and higher nominal GDP, however, led to an improved fiscal deficit at 6.7 per cent in FY22 against the 6.9 per cent estimated

Letter sent to all Chief Secys of states and UTs said stated that if falsification of information is found, names of All India Service Officers will be passed on to DoPT by Finance Ministry

Expenditures under other schemes, such as grants-in-aid for the Maulana Azad Educational Foundation, have also been declining in the last few years

Tax receipts are surging and markets are primed for higher state government deficits, but states are struggling to spend

Indians are projected to spend 75 per cent more on valuables at Rs 2.95 trillion during FY22

Six per cent families were planning to buy an electric vehicle, slightly behind those interested in buying a petrol car at seven per cent

Improvement in mop-up bodes well for achieving govt's fiscal deficit target at 6.8% of FY22 GDP