The total spending in April 2017 was nearly 50 percent higher than in the same period last year, according to a report in Business Standard,
As Madhya Pradesh becomes the first state to opt for a new fiscal year, pressure will be on other states to fall in line, too. But will it be worth their while to make the switch? Here is a look at why it would.
Addressing the BJP Parliamentary Party meeting a day before the session ends, Modi also pitched for pushing reform and development agenda, asserting that there is a "positive" public mood in the favour of the ruling dispensation as it completes its third anniversary the next month.
Finance Minister Arun Jaitley today received a pat from President Pranab Mukherjee for completing the budget exercise by March 31 and not seeking a the Vote on Account, which happened for the first time in many years.
The government has raised a record Rs 46,247 crore through disinvestment, of which Rs 10,779 crore has come from strategic disinvestment and SUUTI's investment.
The Railway Convention Committee (RCC) headed by BJD MP Bhartuhari Mahtab has expressed concern that as of now no state government/PSUs have entered into energy purchase agreements with the Railways.
Net tax receipts stood at Rs 8.85 lakh crore for the same period and for the month of February the deficit is seen at Rs 41,400 crore against Rs 40,600 crore (YoY).
Just like many of the State Budgets this year, Maharashtra's Budget 2017 does not add any new tax to the mix. But taking a leaf from the union budget, this budget focuses on 4 key areas: the state's economy, infrastructure, housing and agriculture. CNBC-TV18'S Yash Jain and Areeb Sherwani report on how industry is reacting to the Budget.
The Budget session of Telangana Assembly will commence from tomorrow with the customary address of Governor ESL Narasimhan to the joint legislature.
The central government is likely to write to the market regulator Securities and Exchange Board of India (SEBI) for accelerating equity offer documents. This will help the regulator meet its aim of timely listing of the public sector undertakings (PSUs), reports today‘s Business Standard.
Deputy Chief Minister Manish Sisodia, while presenting the budget in the Assembly, said the AAP government has prepared a sanitation plan based on a survey done by the Delhi Urban Shelter Improvement Board (DUSIB) in areas where people defecate in the open.
The Finance Bill is introduced in the Lok Sabha, after the presentation of the annual budget, to implement the financial proposals for the following financial year.
Naidu, who is also the Minister of Housing and Urban Poverty Alleviation, also asked states to waive stamp duty for affordable housing projects and rationalise it for others.
The official Xinhua news agency gave the figures on its microblog, citing an unnamed Finance Ministry official.
The BJP's decision not to contest the elections for the posts of Mayor and Deputy Mayor in the Brihanmumbai Municipal Corporation (BMC), where it won just two seats less than the Sena in the just-concluded Mumbai civic polls, is likely to ease strains in relations between the two saffron parties.
While this has been informally discussed with insurers, a final letter of proposal will be sent soon to finalise the arrangement. It is likely that the concerns and suggestions of all stakeholders will be taken in and changes will be incorporated before the scheme is made public.
"There was a model code of conduct in effect for four months in entire Maharashtra in whole year, hence the state (government) could spend only 45 percent of its budgetary allocation for the financial year 2016-17," Fadnavis told PTI.
As NPAs of public sector banks soared to a staggering Rs 6.8 lakh crore, the chairman of a key Parliamentary panel today favoured naming and shaming corporate houses which default on repayment of bank loans.
The existing workforce not only meets the current requirement but will also cater to future demand, AirAsia India CEO and MD Amar Abrol said during an informal interaction here.
Discounts ranging from 1.5 percent to 35 percent are on the offer for freight customers for providing certain minimum loadings as part of the new business plan 2017-18 rolled out by Railway Minister Suresh Prabhu here.
Right now, about 50,000 Indians are coming to Israel every year. There is a huge potential given India's size and this number can be easily doubled in a very short time. Indian tourists generally spend more than the average tourist which also makes them an attractive target.
The performance of rated Indian auto asset-backed securities (ABS) is not expected to deteriorate beyond March 2017 as the economy recovers and oil prices remain range-bound and budget policy initiatives provide support, Moody's said in a statement.
The centre has jumped to the rescue of state-owned oil companies Oil India andONGC, who are liable to pay royalty dues to states of Assam and Gujarat.
The size of income tax department along with customs and excise department is set to get an additional manpower to fight the government‘s initiative of eroding black money and to help implementation of the goods and service tax (GST).