Apr 26, 2021 06:24 PM IST
Global military expenditure in 2020 is estimated to have been $1,981 billion, the highest since 1988—according to records maintained by SIPRI. India accounted for a 3.7 percent of the total world military spending in 2020, third highest, after the US and China.
- Mar 31, 2021 04:37 PM IST
Finance Minister Nirmala Sitharaman had, in her 2021-22 Union Budget, revised the fiscal deficit target for the current fiscal year to Rs 18.49 lakh crore, or 9.5 per cent of real gross domestic product, compared to budget estimates of Rs 7.96 lakh crore or 3.5 percent of GDP.
- Feb 03, 2021 10:33 AM IST
Expenditure Secretary TV Somanathan told Moneycontrol that the Finance Ministry had a rough cost of Rs 700 per person in mind. The budget allocation is just a part of what will be spent, as state governments and corporates will also allocate sums for the vaccination drive
- Feb 01, 2021 08:59 PM IST
The Finance Ministry had promised in the past few years that it would end the practice of Extra Budgetary Resources and bring every allocation and loan on-the-books. It seems to be finally taking steps in that direction.
- Jan 18, 2021 07:37 AM IST
The fiscal deficit -- difference between Centre's expenditure and revenue - is expected to be in the range of 7-8 percent of GDP in 2020-21. From that, it may gradually come down to 4 percent of GDP by 2025-26. This means that the long-standing medium- term target of 3 percent of GDP, as mandated by the FRBM Act, no longer holds.
- Jan 04, 2021 07:34 AM IST
It should be remembered that the fiscal deficit will be a percentage of a lower nominal GDP than the Rs 225 lakh crore that the last budget had assumed for 2020-21. The target for the year, set before the pandemic, was 3.5% of nominal GDP
- Dec 10, 2020 12:21 PM IST
Additionally, the Narendra Modi government is learnt to have accepted the recommendations of the Fifteenth Finance Commission (15th FC) on the health sector. The recommendations, which will be made public along with the budget, likely include nearly doubling India’s combined public health expenditure as percentage of GDP, and creating a dedicated central cadre of medical professionals.
- Nov 27, 2020 06:42 PM IST
Government Final Consumption Expenditure fell to 10.9 percent in the July-September quarter from 13 percent a year-ago, while Private Final Consumption Expenditure fell to 54.2 percent from 56.5 percent a year ago
- Nov 12, 2020 09:07 PM IST
Finance Minister Nirmala Sitharaman said that the size of ‘Aatmanirbhar Bharat 3.0’ package amounted to Rs 2.65 lakh crore. However, calculations by Moneycontrol and by independent analysts show that it may not be more than Rs 1.5 lakh crore.
- Nov 09, 2020 02:07 PM IST
According to the recommendations, Children's Film Society, Directorate of Film Festivals, Film Division of India, National Film Archive of India and National Film Development Corporation, should be merged to create efficiency of scale and end duplication.
- Sep 30, 2020 06:13 PM IST
Finance Minister Nirmala Sitharaman has assured repeatedly that there will be no compromise on capital expenditure by the centre and the state-owned companies. However, data showed that the centre’s capital expenditure of Rs 22,598 crore in August was the lowest among all months so far this year
- Sep 29, 2020 03:13 PM IST
Total revenue for 2019-20 was Rs 17.5 lakh crore, compared to revised estimates of Rs 19.32 lakh crore. Net tax revenue for 2019-20 was seen at Rs 13.56 lakh crore, which was 90 percent of revised estimates
- Sep 06, 2019 07:26 PM IST
The meeting was chaired by Atanu Chakraborty, Secretary, Department of Economic Affairs and GC Murmu, Expenditure Secretary.
- Jun 21, 2019 10:27 AM IST
The government’s ability to reorient its priorities during its term in power will decide if India’s socio-economic landscape looks far different in the next decade than it appears now.
- May 24, 2018 08:28 AM IST
The BJP recorded Rs 998 crore from contributions, about 20 times more than Congress’ Rs 51 crore.
- May 01, 2017 03:25 PM IST
The government is confident of achieving the fiscal deficit target of 3.5 per cent for 2016- 17, the newly appointed Controller General of Accounts (CGA), Anthony Lianzuala, said today.
- Mar 29, 2017 05:28 PM IST
The new health policy puts forth a concrete framework for universal health-care and has provisions to provide free drugs and diagnostics to all, Minister of State for Health Anupriya Patel today said.
- Jan 31, 2017 06:00 PM IST
Fiscal deficit in the first nine
months of 2016-17 touched 93.9 per cent of the Budget target
against 87.9 per cent for the same period a year ago.
- Jan 17, 2017 09:16 PM IST
Union Railway Minister Suresh Prabhu today unveiled 'Mission 41K' to save Rs 41,000 crore on the Indian Railways' expenditure on energy consumption over the next 10 years.
- Dec 19, 2016 07:46 PM IST
Pharma major Glenmark
Pharmaceuticals today said it has chalked out USD 300 million
capital expenditure plans over the next three years.
- Sep 30, 2016 04:51 PM IST
April-August fiscal deficit has come at Rs 4.08 lakh crore, 76.4 percent of the FY17 estimate. The net tax receipt has come at Rs 2.8 lakh crore while the total spending has come at Rs 8.02 lakh crore, 40.5 percent of FY17.
- Aug 10, 2016 06:48 PM IST
The government is committed to remain within the defined fiscal goals and is working closely to meet non-tax revenue target, according to a senior government official, reports CNBC-TV18‘s Sapna Das.
- Jun 06, 2016 04:28 PM IST
"As of now we don't have any formal communication nor there is any further buyback from our side," company's Chairman and Managing Director Gurdeep Singh told reporters here.
- May 31, 2016 12:36 PM IST
Government expenditure as well as recovery in real estate over next 9-11 months will help growth, Vir Advani, Managing Director of Blue Star.
- May 30, 2016 05:08 PM IST
A law to authorise expenditure for the ongoing fiscal in Uttarakhand has been approved by President Pranab Mukherjee