Page 3 - Expenditure

FM Sitharaman likely to begin pre-Budget talks from third week of November

FM Nirmala Sitharaman and senior officials will hold eight meetings in all with all stakeholders

Centre's fiscal deficit in H1 touches 37.3% of full-year target

The Centre is hopeful of keeping the fiscal deficit at 6.4 per cent of nominal GDP in FY23

Next big thing is to take solar to everyone's life: ISA Director-General

In a Q&A, Dr Ajay Mathur talks about the Alliance's current agenda, and financing and capacity building plans across green sectors

Substantial reduction in out-of-pocket expenditure, says health ministry

The 2018-19 National Health Accounts estimates show a substantial reduction in out-of-pocket expenditure (OOPE), reaffirming the government's commitment towards easing citizens' financial burden, the health ministry said Friday, rejecting reports that questioned the accuracy of data. The ministry termed such media reports "misleading and incorrect". In a statement, the ministry said the criticism of NHA 2018-19 is a "typical prima facie example of ignoring facts and sound reason" and leaving the mantle of justification to the others. The NHA provides detailed information on expenditure incurred within the health sector of the country. "The recent NHA estimates (2018-19) show a substantial reduction in out-of-pocket expenditure (OOPE), reaffirming the government's commitment towards easing the citizens' financial burden," the statement said. It said calling this data a "mirage" by one expert of health economics working in a private Indian University and quoted in certain sections o

India's April-August fiscal deficit recorded at 32.6% of FY23 target

Sabnavis said the progress till August shows that the government's accounts are on course compared with last year

Centre may have enough stocks to run free grain scheme this financial year

But financial considerations remain, especially if disinvestment receipts don't meet Budget target

FinMin opposed extension of PMGKAY a day ahead of Cabinet approval

Office memorandum flagged fiscal concerns due to impact of Ukraine war on fuel prices. With Covid-19 having largely subsided, reasons for which earlier extensions were given no more seem to hold

Prison resources inadequate despite 24% jump in budget allocation in 5 yrs

In 2021, govt spent Rs 1,624.4 crore, or 77%, on undertrials alone

Poultry farmers complain companies are underpaying them for rearing birds

The contract farming model isn't benefiting the growers anymore, they allege

Centre chose expenditure switch to contain widening fiscal deficit

Robust revenue collection and higher nominal GDP, however, led to an improved fiscal deficit at 6.7 per cent in FY22 against the 6.9 per cent estimated

Will act against officers furnishing false info on schemes: Finance Secy

Letter sent to all Chief Secys of states and UTs said stated that if falsification of information is found, names of All India Service Officers will be passed on to DoPT by Finance Ministry

Fund utilisation of minority schemes slowed amid Covid pandemic, shows data

Expenditures under other schemes, such as grants-in-aid for the Maulana Azad Educational Foundation, have also been declining in the last few years

The difficulty in spending

Tax receipts are surging and markets are primed for higher state government deficits, but states are struggling to spend

Spend on expensive art works, gold all set to surge amid pent-up demand

Indians are projected to spend 75 per cent more on valuables at Rs 2.95 trillion during FY22

Over 80% families say no to big spends in 2022: LocalCircles survey

Six per cent families were planning to buy an electric vehicle, slightly behind those interested in buying a petrol car at seven per cent

Net direct tax collection jumps 60.8% to Rs 9.5 trillion in FY22 so far

Improvement in mop-up bodes well for achieving govt's fiscal deficit target at 6.8% of FY22 GDP

Centre's expenditure budget for FY22-23 likely to remain flat

The fiscal deficit of the Union Budget for FY23 could stay around 6.8 per cent, the same as expected for FY22

Govt's fiscal deficit at 31.1% of Budget Estimate till Aug, an 18-year low

This was despite a YoY spike in expenditure that month, after falling in the previous month

Covid-19 fallout: Outdated CPI, GDP may have to wait longer for revision

Revision of CPI and GDP base years from 2011-12 and 2012, respectively, was dependent on the outcomes of the consumer expenditure survey of 2017-18, which the govt junked sometime back

High economic growth will spare India from debt trap, say experts

Finance panel had indicated that total debt could touch 90% of GD