Page 2 - Spending

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

Weekend spending in India rose 150% in Jan-Nov 2023 as compared to 2022

Most weekend transactions were recorded during noon between 1-3 pm and evenings between 7-9 pm: Simpl 2023 Yearly Checkout Scan

India needs to increase R&D spending to 3% of GDP: Kris Gopalakrishnan

Private sector must contribute 1.5% to such spending, he says in speech urging educational institutions to teach new technologies

Japan's economy sinks into contraction as spending, investment decline

Japan's economy slipped into a contraction in the third quarter, decreasing at an annual pace of 2.1% as consumption and investments shrank, the government reported Wednesday. Real gross domestic product, which measures the total value of a nation's products and services, fell 0.5% in the July-September period for the world's third largest economy, the Cabinet Office said. That would produce a 2.1% drop if the quarter's performance continued for a full 12 months. The downturn came after the economy grew a revised 3.7% in the first quarter and a revised 4.5% in the second quarter on an annualized basis, according to the government figures. The third quarter's performance was far worse than what had been expected, according to the financial services company ING, which had forecast an annual contraction of 0.5%. Most of the miss in the consensus forecast came from weaker-than-expected domestic demand items, such as consumer spending, business investment and inventory accumulation, Rob

Delhi budget: Govt begins preparing revised estimates for 2023-24

The Delhi government has begun preparing the budget estimate for the 2024-25 fiscal and the revised estimate for 2023-24 and directed all departments to furnish realistic targets. In a circular to all the departments on September 25, the Finance Department said that the departments should send the estimates by October 13 in prescribed format. "The Finance Department has initiated the process of preparation of the Revised Estimates (RE) for 2023-24 and Budget Estimates (BE) for 2024-25," read the circular. It also said meetings regarding budget estimates and revised estimates will start from the last week of October. "Revised Estimates/Budget Estimates should be formulated taking a realistic assessment of the requirement of funds which can be utilized by the department during the financial year," it said while highlighting some of the discrepancies which have continued to occur in framing of Budget Estimates by the departments. According to the circular, it has been noticed earlier

Shoppers need not stop: Dynamics of in-store payments is being rewritten

The dynamics of in-store payments are fast changing, and this will impact retailing in a big way

DMart retail chain slumps nearly by 5% on profit miss, margin drop

Shares of Avenue Supermarts Ltd, which operates the DMart retail chain, fell 4.7% after the company's fourth-quarter profit missed estimates and core profit margin contracted

Netflix to cut $300 mn in spending with delay in password sharing crackdown

Streaming giant Netflix is reportedly slashing its spending by $300 million this year, including related to hiring

Power rating to maintenance: What to consider when you buy an AC

As India braces for a scorching summer, here is how you should do when you get this necessary device

Credit card spends in Dec cross Rs 1 trillion for 10th month in a row

Net card addition fell substantially in December to 580,000

Cheers to coffee: How to pick up the best brew for your home pleasure

Instant, special, or traditional blends: Indians' choice for their daily cup keeps increasing

10 ways retailers trick you into buying way beyond your planned shopping

Sneaky product placements, price baits and bundling are some ruses to get you to pick up stuff only because it looked like a great deal; you may not even end up using much of it

Signature luxury: How to build a collection of the finest writing pens

Montblanc, Sailor, Lamy or Sheaffer: the instrument should be good enough to be passed on as a family heirloom

Spending bill aids retirees, and boosts financial services industry

A section of the USD 1.7 trillion spending bill passed Friday has been billed as a dramatic step toward shoring up retirement accounts of millions of US workers. But the real windfall may go to a far more secure group: the financial services industry. The retirement savings measure labeled Secure 2.0 would reset how people enroll in retirement plans from requiring them to opt into plans, to requiring them to opt out. The provision is designed to ensure greater participation. It also allows workers to use their student loan payments as a substitute for their contributions to their retirement plans meaning they can get matching retirement contributions from their employers by paying off that debt increases the age for required distributions from plans, and expands a tax-deductible saver's credit. But as with so many far-reaching spending bills that get little public consideration, provisions of the legislation also benefit corporate interests with a strong financial interest in the

Tax mop-up enough to fund extra expenses: FM Nirmala Sitharaman

Stresses Budget estimates were made before Ukraine war

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

Blanket rule for winter: What you need to be covered for the season

The market has multitude of choices: pick a blanket that will last long and is not cumbersome

Seeking purity and class: The golden rules of buying platinum jewellery

Rarity and durability make the true white metal appealing to people searching for understated class

Finance Ministry cuts August 2022 spend: Efficiency or compression?

The centre saved around Rs 10,000 crore through SNA last fiscal year

At home, in your swimming pool: How to splash in this luxurious indulgence

If you have the space and the money, add this place to relax and exercise