Government Spending

Govts to spend $11.6 billion on tech in 2023, says Gartner report

The projected spending is $11.6 billion in 2023, the report said

Govt seeks approval for Rs 4.36 trillion additional spending in FY23

Fertiliser, food subsidies, payments to OMCs for LPG dominated supplementary demand

Krsnaa Diagnostics enters B2C segment with chain of 600 diagnostic centres

Mainly a PPP and B2B player, the Pune-based chain offers disruptive pricing

Reducing govt spending holds the key to fixing India's inflation worries

If the finance ministry wants private investment to revive, it must make things easy for it and resist the temptation to go on spending just because it can

States' share in central taxes come down to 29-32% against recommended 41%

The previous five years saw the states' share, except for 2019-20, in between 34.5% and 37%, whereas the recommendation was to give them a 42% share

Shortage of administrative capacity leading to underspending by states

CAG audits show that more than lack of funds, it's the shortage of administrative capacity that leads to underspending on health and education

Finance ministry seeks nod for FY22 extra net spend of Rs 1.07 trillion

Some of the big items include Rs 14,902 crore for fertiliser subsidy and Rs 30,170 crore for credit-linked subsidy scheme houses for economically weaker sections

GoI tracks the money trail: How PFMS will pull plug on spending slippages

The updated Public Financial Management System will complete one year in operation on March 31, but challenges to full integration remain

Sliding statistics standards

Govt must make data more timely, comparable and accessible

Government spending grew 2% YoY in FY21: Motilal Oswal Financial Services

Terming FY21 as an 'exceptional year' Motilal Oswal Financial Services (MOFSL) in a report say government spending grew 2 per cent last fiscal.

Govt asks ministries to target 20% reduction in controllable expenditure

However, expenditure related to containment of the pandemic is excluded from the scope of this order.

Statsguru: A decline in growth poses risks to govt's fiscal forecast

While tax collections provided some reprieve, the government seems to be consistently underperforming on the disinvestment side.

US President Biden says jobs report bolsters case for government spending

President Joe Biden portrayed the May jobs report as a jumping off point for more spending on infrastructure and education to keep growth going essentially an argument for his agenda

Prioritising expenditure

Govt must focus on providing relief to the needy at this point

Govt should heed to advice of economists, increase spending: Congress

The Congress on Tuesday asked the government to reverse its "disastrous" policies and heed to the advice of economists by printing more money and increase spending and not let another year go waste

No lessons learnt on vaccine procurement

The government has, either by design or accident, engineered a market with too many buyers and too few suppliers

Education reforms based on data can cut govt spending by Rs 1.5 trn: Study

The government can sharply reduce education spends by paying heed to the research findings by two Indian economists

Best of BS Opinion: Increasing fiscal constraints, Budget 2021, and more

Here's a selection of Business Standard opinion pieces for the day

A steep fiscal correction

With modest revenue effort, the burden of cutting the deficit will fall on a big expenditure contraction

Budget share of capital expenditure highest in decade, aims for investments

Public spending push is expected to help push growth after pandemic slowdown in investments