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RAILWAY MINISTRY EXPENDITURE
Appropriation Bill for FY23 excess spending approvedParliament approved a bill authorizing funds for certain FY23 expenditures. The bill covers two expenditure items, with one being a large d...- Rajya Sabha passes Appropriation No.3 Bill authorising Rs 54,067 crore excess spending for FY23The Rajya Sabha approved the Appropriation Bill for excess spending. This bill covers expenditures from the financial year ending March 31,...
- Infra projects see cost overrun of Rs 4.92 lakh cr: MoSPIA significant number of infrastructure projects, each exceeding Rs 150 crore, have encountered notable cost escalations. Out of 1,847 proje...
- Infrastructure projects see cost overrun of Rs 4.92 lakh cr: MoSPIInfrastructure projects worth over Rs 150 crore each registered substantial cost overruns. A total of 1,847 projects monitored showed revis...
- Coal India's Q1 capex rises by 16.64% to Rs 3,399 croreCoal India's capital expenditure rose sixteen point six four percent to three thousand three hundred ninety-nine crore rupees. Land acquisi...
- Power Ministry panel mulls shared distribution network for suppliersThe power ministry's consultative committee discussed reforms for shared electricity distribution networks. These changes aim to boost cons...
- 8th Pay Commission: On demand of Old Pension Scheme by various employee bodies, government says this in Parliament8th Pay Commission latest news: Central government employee bodies are demanding the Old Pension Scheme's restoration from the 8th Pay Comm...
- Govt to replace WPI with Producer Price Index for future procurement contractsIn a bid to modernize inflation measurement, the government is set to replace the Wholesale Price Index with the Producer Price Index for f...
- Waiver of recovery of excess amount paid to central government employees: Finance Ministry to examine proposal to simplify the processCentral government employees' union requested simpler recovery waivers for excess payments. The DoE secretary assured examination of these ...
- Infra projects see Rs 5.4 lakh crore cost overrun: MoSPIIndia's major infrastructure projects, each exceeding Rs 150 crore, have collectively seen cost overruns reaching approximately Rs 5.4 lakh...
- IRFC OFS subscribed over 1.5x by institutional investors; govt to exercise greenshoe optionThe government’s offer for sale in IRFC received a strong response from institutional investors, with the non-retail portion subscribed 1.8...
- IRFC shares tumble 5% as OFS opens for non-retail investors. Here’s what shareholders should knowIRFC shares dipped 5% as the government launched an Offer for Sale, planning to sell a 1% stake at a floor price of Rs 91. This move aims t...
- Govt to sell up to 2% stake in IRFC via OFS; issue opens WednesdayThe government will launch an OFS in IRFC on Wednesday, offering up to a 2% stake through a base issue and greenshoe option. The share sale...
- Northeast’s rise under PM Modi is one of India’s biggest success stories: Sarbananda SonowalThe Northeast region of India has transformed into a major economic growth hub; significant investments in infrastructure, digital connecti...
- Infra projects see cost overrun of Rs 5.65 lakh crore in AprilCentral sector infrastructure projects exceeding Rs 150 crore each show a cumulative cost overrun of Rs 5.65 lakh crore. As of April, 1,981...
- Railway ministry seeks 30% hike in FY24 Budget allocation"Railways has indicated that it will require 30% more allocation for the next fiscal year," a government official said, adding that additio...
- Rail Ministry needs to be more realistic in estimation of demand for supplementary grants: CAGAccording to the Financial Audit of the Accounts of Union Government for the financial year ending in March 2020, the Railway Ministry was ...
- Railways to function as a commercial undertakingA single Appropriation Bill, including the estimates of Railways, will be prepared and presented by Ministry of Finance to Parliament and a...
- Set up group to check excess expenditure: Parliamentary Panel to GovtConcerned over increasing instances of ministries exceeding budgeted expenditure, a Parliamentary panel asked govt to set up a high level e...
- CAG finds fault in railway accounting systemThe Comptroller and Auditor General has found several miscalculations of expenditure and other accounting mistakes while verifying the acco...
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