Budget Support
Despite rise in budgetary support, NE lags in job creation: Official
Despite the central government more than doubling budgetary support in the last eight years, the northeast region has lagged behind in economic output and job creation, an NEC official said here on Tuesday. Lakhs of youth from the region are going to other parts of the country for jobs, which implies that "something is amiss in terms of economic development", North Eastern Council Secretary K Moses Chalai said. In 2013-14, the total 10 per cent GBS (gross budgetary support) was around Rs 34,000 crore. This financial year, it has reached Rs 76,000 crore. "Despite this, the production and distribution of goods and services are not happening enough and there are not enough jobs, Chalai said, while speaking at a function at the North Eastern Hill University here. Fifty-five central ministries and departments are mandated to spend at least 10 per cent of their gross budgetary support (GBS) for the central sector and centrally sponsored schemes in the northeastern region to accelerate th
 "Despite rise in budgetary support, NE lags in job creation: Official")
IT firms cut staff bonuses as US, European clients tighten budgets
IT services firms are freezing or cutting staff bonuses, worried that tightening budgets at U.S. and European clients who are bracing for a recession will sharply hit their own profits
 "IT firms cut staff bonuses as US, European clients tighten budgets")
Cash-strapped government has cut back on budgetary support to PSUs
Through internal resources, PSUsare expected to finance capital spending of Rs 4.78 trn in 2018-19, marginally higher than Rs 4.76 trn in 2017-18
 "Cash-strapped government has cut back on budgetary support to PSUs")
