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REPRIORITISING GOVERNMENT EXPENDITURE
Centre may rejig spending to meet FY27 fiscal deficit targetThe Indian government is looking at shifting its spending priorities. This is to manage new expenditure needs arising from supply chain iss...- FY26 fiscal deficit pegged at 4.4%: Math unlikely to be hit despite GST cutThe Centre remains confident about maintaining its FY26 fiscal deficit at 4.4% of GDP, despite potential GST revenue losses. Anticipated co...
- Centre seeks nod for extra net spending of ₹44,143 crThe Indian government is seeking parliamentary approval for an additional ₹44,143 crore in spending for 2024-25. Despite this, the governme...
- Centre seeks house approval for extra net spending of Rs 58,378 crThe demands involve gross additional spending of more than ₹1.29 lakh crore in this fiscal, a significant chunk of which, ₹70,968 crore, wi...
- Govt seeks Lok Sabha nod for over Rs 1.29 lakh crore additional spending for FY24India's government has requested approval for an additional spending of Rs 1.29 lakh crore for FY24, matched by savings of Rs 70,968 crore....
- Interim budget for FY25 to be realistic; no major net cash outgo seen in FY24 supplementary demands: OfficialThe government had budgeted total expenditure at ₹ 45 lakh crore for FY24, while its tax and non-tax revenue was pegged at ₹26.3 lakh crore...
- Prioritising expenditure is going to be a big challenge this year: Dr Sachidanand Shukla"Tax revenues have stagnated at around 7% of GDP over the last decade or 10-12 years. Even the share of non-tax revenues has been dropping ...
- Direct monetisation should be last resort: D SubbaraoThe current situation does not call for the RBI directly monetising the deficit. The cost of doing that will be much more than the benefits...
- Budget must focus on resolving demand-side issues: Ind-RaThe pandemic induced lockdowns resulted in the economy tanking 23.9 per cent in the June quarter but made a dramatic recovery with the cont...
- Fifteenth Finance Commission's high level group on health to work with World Bank on recommendations for health sectorGiven its importance in the context of the pandemic, NK Singh, chairman of the FC, said for the first time the commission’s final report wo...
- Reallocation of public spends on health, decentralisation required: Bibek DebroyChairman of the Prime Minister's Economic Council Bibek Debroy said that the ongoing Covid-19 crisis has flagged the issue of expenditure o...
- India has very little space for fiscal stimulus: Ind-RaThe revenue shortfall is likely to account for 95 per cent of the increased borrowings, leaving a purse of just Rs 20,000 crore for the gov...
- Tamil Nadu forms panel under ex-RBI Governor C Rangarajan to improve fiscal positionOn February 20, 2020, Deputy Chief Minister O Paneerselvam who holds the finance portfolio, announced that an expert committee would be con...
- Economists call for enhancing tax base“Don’t squeeze spending because capital expenditure gets hit... raise the tax base. The GST is a good possibility for transformative change...
- Defence budget may appear to be decreasing due to high economic growth: GovtIn the Union budget, the government had allocated Rs 2.95 lakh crore to defence forces which is estimated to be around 1.58 per cent of the...
- Decline in poverty is real and encouragingFor affluent Indians, the idea that a monthly per-capita expenditure of about Rs 1,000 denotes escape from poverty seems ridiculous.
- Economic Survey 2013: Govt suggests to reprioritise all spending to meet 12th Plan outlay"Reprioritisation of expenditure from Non-Plan to Plan expenditure would be critical in meeting the proposed 12th Plan outlay", Economic Su...
- Core sector funds to lapse on delaysA review of 800 infrastructure projects by the government has revealed that no project is facing any funding problem, but almost 200 of the...
- States need more fiscal progress: IMFMuch is needed to meet India's infrastructure and social needs and promote economic growth, an IMF paper says.
- Expenses soar 40% to Rs 1.3 lakh crThe front-loading of expenditure, on social sector and welfare programmes resulted in a 40% growth in total expenditure for the government ...
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