Revenue Expenditure

FM Sitharaman bats for capex over cash transfer to boost consumption

Sitharaman's comments come at a time when many states, amid elections, have announced and implemented cash-transfer schemes for key demographics, especially women.

In 8 charts: Govt's interest cost share in GDP beats capex outlay share in FY24; what's driving this surge?

The share of interest payments to GDP was 3.6 percent, while the share of the capex outlay was 3.2 percent in FY24, according to a Crisil report, on rising interest expenses.

Chart of the Day | Centre’s fiscal pressures mount

While the revenue expenditure is unlikely to cool off due to populist pre-election measures, can the government slow down capex?

We invest 20% of our revenue towards overall research including cancer: Novartis India MD

"We are looking at new therapies of cell therapy, radioisotopes for cancer treatment. 20 percent of our revenue goes as investment towards cancer treatment. We have 30 compounds in the pipeline towards treatment of cancer," Novartis India MD Amitabh Dube said.

State finances need top priority as many dangerously stare down a debt hole

Sunset of GST compensation next month, guarantees for power discom bonds, and extra borrowings for non-asset creating revenue expenditure could end up worsening state finances

Understanding the Union Budget 2022: A Beginner’s Guide

While there will be a lot of noise around it, you need to keep your eyes trained on four parameters. Here they are.

Union Budget Series: What is the expense account?

The expense account is the record of the government‘s expenses. There are two kind of expenditures; revenue expenditure and capital expenditure.

Union Budget Series: Bridging the deficit

The fiscal deficit is a measure of the government‘s annual borrowing. The government borrows because its expenses, like those of a household, often exceed income. It raises loans from the market; issues treasury bills and borrows from small savers.

Union Budget Series: Finance ministers and their Budget speeches

Finance in their Budget speeches have often quoted poets, saints, economists and litterateurs to buttress a given political social and economic context.

Union Budget Series: Key takeaway from economic survey

Finance Minister Arun Jaitley presented the economic survey, authored by the chief economic adviser, on Tuesday January 31, 2017. It is an official report on the economy and sets the tone for the Union Budget.

Union Budget Series: Key terms in the Budget

Financial year and assessment year. Financial year (FY) runs from April 1 to March 31 of the next year; assessment year (AY) is the year following the FY. Tax on income earned in an FY is paid during the AY.

Union Budget Series: Parliamentary process

It all begins with the finance minister‘s speech in the Lok Sabha. The Budget is then tabled in parliament. Discussions on the economy and broad Budget measures take place without voting. The parliament then breaks for a three-week recess. Parliamentary Standing Committees give reports on ministries‘ estimates or demands for grants.