Govt Spending

Pickup in public expenditure may keep growth steady: Finance ministry

The review released on Thursday said that the risk of market correction has risen amid a boom around the world, and if this risk materialises, the spillover effect may be felt globally as well

Govt spent Rs 2 crore on Manu Bhaker's training: Sports Minister Mandaviya

Union Sports Minister Mansukh Mandaviya credited Khelo India and TOPS initiatives for driving sports talent across the country

Liquidity surplus improves to two month high on govt spending, redemption

Consequently, the yield on 3-month and 6-month treasury bills fell by 2 basis points, whereas that on 364-day bills fell by 1 basis point compared to last week

Liquidity deficit narrows to less than Rs 1 trn as govt spending picks up

Liquidity may not improve immediately as tax outflows of around Rs 1.25 trn are scheduled in March, says one expert

Fiscal deficit at Jan-end touches 63.6% of full year target: Govt data

In the corresponding period last year, the fiscal deficit or gap between the expenditure and revenue was 67.8 per cent of Revised Estimates (RE) of the Union Budget 2022-23

Centre can't help if states empty coffers via tall poll promises: Shah

Union Home Minister Amit Shah on Saturday said the central government can't help the states which empty their treasuries after making unrealistic election promises. All states should prepare their budget taking into account development programmes and social welfare commitments, he said at an event here when asked about the allegation of discrimination against some states in the release funds by the Centre. The governments of West Bengal, Kerala and Karnataka recently held protests in the national capital alleging that they were not given their due share of funds, a charge refuted by the finance minister. Shah said in the white paper, tabled in Lok Sabha, Finance Minister Nirmala Sitharaman has given details about the funds given to the states. "The white paper has details of how much funds we have given to the states, how much more funds we have given than what Congress used to give to every state - be it BJP or opposition ruled," he said at the ET NOW Global Business Summit 2024.

How spend, spend is giving state-owned companies diminishing returns

The private sector has been going slow in adding fixed assets but squeezing out more

India to retain top economy title as govt spending stays strong: Poll

While inflation rose to the fastest pace in four months in December to 5.69 per cent, driven by pressures from food prices, economists expect that to fade soon

Centre reviews progress of PLI schemes in all 14 sectors: Govt official

The government on Friday reviewed the progress of the production-linked incentive (PLI) schemes for all the 14 sectors, an official said. The meeting assumes significance as the government has disbursed Rs 2,900 crore till March 2023 under the scheme. The empowered committee in PLI has also approved Rs 1,000 crore disbursal to beneficiary firms of the electronics sector. The scheme was announced in 2021 for 14 sectors like telecommunication, white goods, textiles, manufacturing of medical devices, automobiles, speciality steel, food products, high-efficiency solar PV modules, advanced chemistry cell battery, drones, and pharma with an outlay of Rs 1.97 lakh crore. Senior officers from different ministries, including the commerce and industry ministry and heavy industries ministry, participated in the review, the official said. The purpose of the schemes is to attract investments in key sectors and cutting-edge technology; ensure efficiency and bring economies of size and scale in

Underspending by key ministries may help govt achieve FY24 deficit target

According to latest data released by the Controller General of Accounts (CGA) the 15 departments have cumulatively spent only 17.8 per cent of the Rs 1.45 trillion allocated in the Budget

Govt limits additional spending to Rs 58,378 crore, eyes fiscal prudence

The government has set a fiscal deficit target of 5.9 per cent of GDP for FY24

India likely to meet 5.9% fiscal deficit target in FY24, says IMF

Earlier, this month, India hiked the cooking gas subsidy for low income households to 300 rupees per cylinder from 200 rupees announced in August

Govt spending to drive India's growth in this fiscal, economists say: Poll

Weakness in consumption has shifted the onus onto the government to maintain strong economic growth by announcing record capital expenditure (capex) plans, given private investment has lagged

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