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  • Global military spending rose to nearly $2 trillion in 2020; India ranks 3rd Apr 26, 2021 06:24 PM IST

    Global military spending rose to nearly $2 trillion in 2020; India ranks 3rd

    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.

  • India's April-February fiscal deficit at 76% of FY21 revised estimates Mar 31, 2021 04:37 PM IST

    India's April-February fiscal deficit at 76% of FY21 revised estimates

    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.

  • Budget 2021: Vaccine allocation of Rs 35,000 crore to immunise 50 crore people Feb 03, 2021 10:33 AM IST

    Budget 2021: Vaccine allocation of Rs 35,000 crore to immunise 50 crore people

    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

  • Budget 2021: Government looks to end below-the-line accounting of Budget numbers Feb 01, 2021 08:59 PM IST

    Budget 2021: Government looks to end below-the-line accounting of Budget numbers

    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.

  • Govt to overhaul fiscal roadmap, may aim budget deficit at 4% of GDP by FY26 Jan 18, 2021 07:37 AM IST

    Govt to overhaul fiscal roadmap, may aim budget deficit at 4% of GDP by FY26

    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.

  • EXCLUSIVE | Centre's FY20-21 fiscal deficit likely to be around 7% of GDP Jan 04, 2021 07:34 AM IST

    EXCLUSIVE | Centre's FY20-21 fiscal deficit likely to be around 7% of GDP

    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

  • EXCLUSIVE | Budget 2021 may allot up to Rs 80,000 crore for Covid-related spend Dec 10, 2020 12:21 PM IST

    EXCLUSIVE | Budget 2021 may allot up to Rs 80,000 crore for Covid-related spend

    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.

  • Q2 GDP data: Government spending, private consumption see a decline Nov 27, 2020 06:42 PM IST

    Q2 GDP data: Government spending, private consumption see a decline

    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

  • Aatmanirbhar Bharat 3.0: Impact is Rs 1.5 lakh crore versus govt claim of Rs 2.65 lakh crore Nov 12, 2020 09:07 PM IST

    Aatmanirbhar Bharat 3.0: Impact is Rs 1.5 lakh crore versus govt claim of Rs 2.65 lakh crore

    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.

  • Centre preparing ministry-wise notes to shut down, merge departments to rationalise costs Nov 09, 2020 02:07 PM IST

    Centre preparing ministry-wise notes to shut down, merge departments to rationalise costs

    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.

  • Fiscal deficit at August-end at nearly 110% of budget estimates Sep 30, 2020 06:13 PM IST

    Fiscal deficit at August-end at nearly 110% of budget estimates

    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

  • Budget 2021-22 preparations begin; FY 2019-20 to be base year for revenue and expenditure projections Sep 29, 2020 03:13 PM IST

    Budget 2021-22 preparations begin; FY 2019-20 to be base year for revenue and expenditure projections

    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

  • Finance Ministry officials meet heads of CPSEs to discuss capital expenditure Sep 06, 2019 07:26 PM IST

    Finance Ministry officials meet heads of CPSEs to discuss capital expenditure

    The meeting was chaired by Atanu Chakraborty, Secretary, Department of Economic Affairs and GC Murmu, Expenditure Secretary.

  • Budget Snapshots | Getting the government’s spending priorities right Jun 21, 2019 10:27 AM IST

    Budget Snapshots | Getting the government’s spending priorities right

    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.

  • With 2019 around the corner, Congress says 'we don't have the money' May 24, 2018 08:28 AM IST

    With 2019 around the corner, Congress says 'we don't have the money'

    The BJP recorded Rs 998 crore from contributions, about 20 times more than Congress’ Rs 51 crore.

  • Government to meet 3.5% fiscal deficit target for FY17: CGA May 01, 2017 03:25 PM IST

    Government to meet 3.5% fiscal deficit target for FY17: CGA

    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.

  • Free drugs, diagnostics to all in new health policy: Govt Mar 29, 2017 05:28 PM IST

    Free drugs, diagnostics to all in new health policy: Govt

    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.

  • Fiscal deficit hits 94% of Budget estimate in Apr-Dec Jan 31, 2017 06:00 PM IST

    Fiscal deficit hits 94% of Budget estimate in Apr-Dec

    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.

  • Railways' 'Mission 41K' to save energy worth Rs 41,000 cr Jan 17, 2017 09:16 PM IST

    Railways' 'Mission 41K' to save energy worth Rs 41,000 cr

    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.

  • Glenmark Pharma draws up capex of $300 million over next 3 years Dec 19, 2016 07:46 PM IST

    Glenmark Pharma draws up capex of $300 million over next 3 years

    Pharma major Glenmark Pharmaceuticals today said it has chalked out USD 300 million capital expenditure plans over the next three years.

  • April-Aug fiscal deficit at Rs 4.08 lk cr, 76% of FY17 estimate Sep 30, 2016 04:51 PM IST

    April-Aug fiscal deficit at Rs 4.08 lk cr, 76% of FY17 estimate

    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.

  • Govt's divestment targets on schedule, says official Aug 10, 2016 06:48 PM IST

    Govt's divestment targets on schedule, says official

    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.

  • No plans for buyback of shares right now: NTPC Jun 06, 2016 04:28 PM IST

    No plans for buyback of shares right now: NTPC

    "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.

  • Eyeing 12% market share in room AC business in FY17: Blue Star May 31, 2016 12:36 PM IST

    Eyeing 12% market share in room AC business in FY17: Blue Star

    Government expenditure as well as recovery in real estate over next 9-11 months will help growth, Vir Advani, Managing Director of Blue Star.

  • Prez approves law on U'khand expenditure May 30, 2016 05:08 PM IST

    Prez approves law on U'khand expenditure

    A law to authorise expenditure for the ongoing fiscal in Uttarakhand has been approved by President Pranab Mukherjee

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