Page 2 - Expenditure

India's April-August fiscal deficit recorded at 32.6% of FY23 target

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

Centre may have enough stocks to run free grain scheme this financial year

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

FinMin opposed extension of PMGKAY a day ahead of Cabinet approval

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

Prison resources inadequate despite 24% jump in budget allocation in 5 yrs

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

Poultry farmers complain companies are underpaying them for rearing birds

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

Centre chose expenditure switch to contain widening fiscal deficit

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

Will act against officers furnishing false info on schemes: Finance Secy

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

Fund utilisation of minority schemes slowed amid Covid pandemic, shows data

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

The difficulty in spending

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

Spend on expensive art works, gold all set to surge amid pent-up demand

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

Over 80% families say no to big spends in 2022: LocalCircles survey

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

Net direct tax collection jumps 60.8% to Rs 9.5 trillion in FY22 so far

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

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

Govt's fiscal deficit at 31.1% of Budget Estimate till Aug, an 18-year low

This was despite a YoY spike in expenditure that month, after falling in the previous month

Covid-19 fallout: Outdated CPI, GDP may have to wait longer for revision

Revision of CPI and GDP base years from 2011-12 and 2012, respectively, was dependent on the outcomes of the consumer expenditure survey of 2017-18, which the govt junked sometime back

High economic growth will spare India from debt trap, say experts

Finance panel had indicated that total debt could touch 90% of GD

Frontloading of govt expenditure to drive private investment: Report

The government should prioritize executing infrastructure projects and frontload its spending during the first half of fiscal year starting April 1, to encourage private investment and support economic recovery, says a report. According to Dun & Bradstreet's latest Economy Observer, new private investment is also likely to remain constrained in the near term given that revival of both domestic and external demand remains uncertain. "The government should prioritize executing the infrastructure projects and frontload its spending during H1 of FY22 to encourage private investment. This along with the increase in hiring of employees by firms would support the recovery of demand," said Arun Singh, Global Chief Economist, Dun & Bradstreet. According to the D&B COVID-19 Commerce Disruption Tracker, as of end-January 2021, only 31 per cent of businesses in India remained disrupted, an improvement when compared to the July 2020 data of 81 per cent, and also over other major ...

Infrastructure push: Higher expenditure yet to reflect in top line

Combined net sales of infra, capital goods firms down 2.3% in Dec quarter

Financing the vaccine

Any cess or surcharge should be one-time

Central ministries, departments face cash crunch as winter session scrapped

Food and consumer, rural development exhaust Budget allocation, may require more