Govt Spending

States may fall short of spending targets, posing growth risk: Economists

The states - including Maharashtra, Uttar Pradesh and Gujarat - are estimating expenditure to have risen 21.5% in 2022-23, and plan to increase it further by 11% in 2023-24

India's capex spending likely to slow on lower tax haul, global recession

Analysts say that as recessionary woes spread globally, India's tax collections and asset sales are likely to fall.

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

Global govt IT spending to hit $589 bn next year, 6.8% rise from 2022

Global government IT spending is likely to reach $588.9 billion in 2023, an increase of 6.8 per cent from 2022, a report showed on Monday

Podcast: How will the delay in conducting a Census affect India?

First, the pandemic came in the way of the Census, and now the govt is unlikely to go ahead with this massive exercise before the 2024 general elections. What are the implications of this delay?

What explains RBI's 'near-unanimous' inaction even as inflation was rising?

For the RBI, a correct reading of its mandate would have been that the inflation target is 4%, not 6%. And action to raise interest rates should have begun last year, writes T N Ninan

Joe Manchin's $1.8-trillion social-spending plan shelved: Report

Manchin is no longer supportive of moving that offer along after the breakdown in the negotiation process with the administration

Top headlines: Booster to be same as first 2 doses, govt cuts capex by 41%

Federal Reserve may need to hike rates faster, reduce balance sheet quickly. More on that in today's top headlines

Agri Infra fund: Govt disburses Rs 2,071 cr loan for 4,000 projects so far

A total of 8,488 projects have been sanctioned under the scheme so far with a loan amount of Rs 6,098 crore

Govt seeks Parliament's approval to spend Rs 3.74 trillion more

The government needs Rs 49,805.25 for food storage schemes and warehousing

Govt seeks Parliament nod for Rs 3.73 trn additional spending this fiscal

The government on Friday sought Parliament's nod for gross additional spending of over Rs 3.73 lakh crore in the current financial year. As per the second batch of supplementary demands for grants tabled in Lok Sabha by Minister of State for Finance Pankaj Chaudhary, the net cash outgo would be over Rs 2.99 lakh crore and Rs 74,517 crore extra expenditure would be matched by savings by different ministries. The amount includes extra spending of Rs 58,430 crore towards fertiliser subsidy, over Rs 2,000 crore towards various schemes of Department of Commerce and over Rs 53,000 crore by Department of Expenditure under various export promotion schemes.

Centre's expenditure budget for FY22-23 likely to remain flat

The fiscal deficit of the Union Budget for FY23 could stay around 6.8 per cent, the same as expected for FY22

Pandemic relief: Centre extends 5 kg ration scheme under PMGKAY till March

The Centre will incur an additional expenditure of around Rs 53,344.52 crore because of the extension

Why COP26 inadvertently shores up coffers of Indian state exchequers

Taxes on alcohol, petrol and diesel make up over half of the state's commercial tax revenues

Subdued govt spending despite high tax revenue may impact growth outlook

Private drive could taper off, high tax revenue notwithstanding

Prioritising expenditure necessary in short term, says MPC member

Revival of the Indian economy would be sustained if the COVID-19 pandemic is under control, eminent economist Shashanka Bhide said on Sunday

Govt spending to push private capex higher after multi-year deleveraging

Orders, mostly from the govt, worth $356 bn expected in the next two years

Govt prepares portal to speed up Rs 2.5 trn-plus asset monetisation drive

The NMP will serve as a roadmap for asset monetisation of brownfield infra assets across sectors such as roads, railways, aviation, power, oil and gas, and warehousing

Govt seeks Parliament nod for net additional Rs 23,675 crore spending

Finance Minister Nirmala Sitharaman on Tuesday sought Parliament nod for net additional spending of Rs 23,675 crore in the first batch of supplementary demands for the current fiscal year. As per the first batch of supplementary demands for grants tabled in the Lok Sabha, approval is being sought for gross additional expenditure of over Rs 1.87 lakh crore. Of this, the proposals involving net cash outgo aggregate to Rs 23,674.81 crore and gross additional expenditure, matched by savings of the ministries/departments or by enhanced receipts aggregates to over Rs 1.63 lakh crore.

Liquidity in the banking system rises as govt steps up spending

Net daily liquidity absorbed from banks on July 9 was Rs 4.6 trillion, data released on Monday showed