Sep 30, 2021 04:40 PM IST
For the current year, Finance Minister Nirmala Sitharaman has budgeted a fiscal deficit target of Rs 15.07 lakh crore, or 6.8 percent of nominal gross domestic product.
- Sep 27, 2021 03:16 PM IST
Officials told Moneycontrol that although expenditure may be higher than budgeted this year, the Centre’s fiscal position is ‘more than comfortable’ and there is enough firepower for further economic support to some sectors
- 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
- 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.
- 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.
- 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 30, 2016 05:08 PM IST
A law to authorise expenditure for the ongoing fiscal in Uttarakhand has been approved by President Pranab Mukherjee
- Apr 20, 2016 05:42 PM IST
Stalling of projects has been a major contributor to this decline, with its stock rising to Rs 11.4 trillion by March 2016 from Rs 8.6 trillion in 2013, the bank highlighted.
- Feb 29, 2016 12:10 PM IST
The higher allocation is on account of the implementation of One Rank One Pension (OROP) and 7th Pay Commission
- Feb 26, 2016 08:20 PM IST
"There is limited scope for a radical budget this year, but the broad-based and granular approach is set to continue," DBS said in a research note.
- Jan 21, 2016 06:59 PM IST
The special resolution if "for making one or more offer or invitation to subscribe to Secured or Unsecured Bonds/Non-Convertible Debentures (NCDs)/other Debt Securities on private placement basis," the company in a regulatory filing.