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NON LAPSABLE FUND
Funds earmarked under CDF non-lapsable; savings exceed Rs 25 crore: J&K CM Omar AbdullahJammu and Kashmir Chief Minister Omar Abdullah confirmed Constituency Development Fund money does not lapse. Savings have surpassed Rs 25 c...- Benchmark military spending at 3% of GDP, create non-lapsable modernisation fund: EY reportA recent EY report suggests India should allocate 3% of its GDP to military spending. The report recommends creating a non-lapsable defence...
- Non-lapsable fund not needed, Grant process changed: Defence secretaryThe non-lapsable fund, which has long been under discussion with even the government accepting in 2021 a Finance Commission recommendation ...
- Give half of defence land sale proceeds to forces: Finance MinistryThe government has given an in-principle approval to creating a non-lapsable defence modernisation fund but details are still being worked ...
- Govt approves creation of PM Swasthya Suraksha Nidhi as single non-lapsable reserve fund for healthThe administration and maintenance of the PMSSN are entrusted to health ministry and in any financial year, the expenditure on such schemes...
- View: Creating air of certainty for services, defence budget and the way forwardIt is a fact that defence capital allocations have been steadily increasing over the past five years. In 2020-21, this was at an all-time h...
- Centre 'betrayed' states by transferring compensation cess to CFI, alleges SiddaramaiahPointing out that the cess collected was non-lapsable, which means it should be carried over to the next financial year, the former chief m...
- Defense cap acquisition: I-T cess, bonds and land monetisation on panel’s tableAn expert group tasked with finding alternate ways to fund defence capital acquisitions is unlikely to make levying of cess on income tax a...
- Central funds to states may be cut to create internal security fundNK Singh-headed Finance Commission working on proposal; cabinet cleared enabling approvals on July 17.
- 15th Finance Commission set to visit J&K, LadakhThe commission is also closely examining the possibility of creating a separate non-lapsable defence fund and has sought a discussion with ...
- 15th Finance Commission's term extended till November 30; to suggest funding mechanism for defenceThe commission was scheduled to finalise its report by October 30 this year.
- Enact law to ensure tribal funds can’t be diverted: NCSTThe Centre had allocated Rs 39,135 crore, the highest amount so far, under the Tribal Sub-Plan (TSP) or Scheduled Tribes Component (STC) fo...
- Cabinet nod to single corpus fund for secondary and higher educationHRD Ministry will be responsible for the administration and maintenance of the non-lapsable pool account which will be known as "Madhyamik ...
- NITI Aayog to examine if SC/ST sub-plans can be non-lapsableThe decision was taken at a recent meeting on Scheduled Castes Sub-Plan (SCSP) and Tribal Sub-Plan (TSP) monitoring framework chaired by th...
- Railways to seek over Rs 1 lakh crore for safety upgradationRailways will seek over Rs 1 lakh crore from the Finance Ministry as non-lapsable fund to strengthen safety measures on the rail network in...
- Tarun Gogoi urges PM Modi to release funds from DoNER ministryCM requested the Prime Minister to issue necessary instruction to the Ministry of DoNER for streamlining the process of release of funds.
- Maharashtra to enact legislation on non-lapsable fund for Scheduled Castes welfareThe Maharashtra government is mulling over a proposal to enact a legislation to provide for non-lapsable fund meant for welfare of Schedule...
- 'Over Rs 5,850 cr of unspent central funds diverted to NLCPR'Unspent funds to tune of over Rs 5,850 crore of various Union ministries, meant for projects and schemes in Northeast states, have been div...
- Finmin, DoT lock horns over USO fundThe two ministries have now locked horns over increasing the allocation towards the universal service obligation (USO) fund.
- HRD ministry asks for exemption from 10% support to N-EThe Ministry of Human Resources Development may not get its way. The MHRD has asked the finance ministry to exempt it from allocating 10% o...
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