Almost half the central government’s expenditure has been on relatively inflexible items such as interest payments, defence, police and transfers to states, expenditure, leaving little available for development
The country's public spending on health is "little over" 1 per cent of GDP, the Economic Survey said today, adding that there are "insufficient" instances of good models in the health sector.
Government is looking at ways to improve expenditure management for judicious utilisation of resources while continuing with the pace of public spending to keep the economy moving, Finance Secretary Ashok Lavasa said
The government has decided not to cut its annual borrowing this fiscal as it wants to keep public spending high in order to keep growth engines running.
Professor at Dartmouth College, Vijay Govindarajan, says the government should increase public spending to ensure a healthy demand in the system and also encourage private spending
In an interview to CNBC-TV18's Latha Venkatesh, Sonia Shenoy & Anuj Singhal, Nilesh Shah of Kotak Mahindra AMC and Nirmal Jain of IIFL gave their take on Arun Jaitley's Union Budget and their outlook on the road ahead.
Standard Chartered expects higher budgetary allocations towards sectors like roads, rural development and power distribution
A massive increase in spending on women's security and empowerment is desperately needed in India's national Budget, women's rights groups said on Wednesday, the eve of the country's most important economic announcement of the year.