Punjab government likely to miss capex target, only 32% achieved so far
9 months, 3 weeks ago

Punjab government likely to miss capex target, only 32% achieved so far

Hindustan Times  

Despite a healthy growth in tax revenues and increased borrowing, the Punjab government is likely to miss its capital expenditure target going by the spending in the first ten months of the financial year 2023-24. A finance department official said that capex numbers will look much better by the end of the fiscal though they may still fall short of the target envisaged in the budget Against a full-year capex of ₹10,354 crore envisaged in the budget, the state has spent ₹3,390 crore during the April-January period of the current fiscal, according to data on key economic indicators released recently. Capital expenditure, or capex, is the investment made by the government on the creation of assets that are long-term in nature, give a fillip to economic activity, and generate additional streams of revenue. A Punjab economists also flagged the issue, stating that the state’s failure to achieve its capex targets year after year despite rising revenue expenditure and ever-increasing borrowings is a matter of serious concern.

States Capital Revenue State Crore Punjab Target Fiscal Capex Expenditure Capital Expenditure Capex Target  state  achieved  fiscal  targets  states  expenditure  32  far  miss  target  likely  revenue  punjab  capex  crore  capital

History of this topic

Industry needs to up R&D spend, expect govt capex growth to sustain: Ficci
1 week, 2 days ago

Industry needs to up R&D spend, expect govt capex growth to sustain: Ficci

Live Mint  

New Delhi: Businesses need to step up their research and development spending, and the industry expects the government to sustain the growth in budget allocation for capital expenditure as these two would help the Indian industry to become more competitive in global markets, Harsha Vardhan Agarwal, president of Federation of Indian Chambers of Commerce and Industry, and vice-chairman and managing …

Centre seeks Parliament nod for net extra spending over ₹44,100 crore
1 week, 4 days ago

Centre seeks Parliament nod for net extra spending over ₹44,100 crore

Live Mint  

New Delhi: The finance ministry on Thursday sought Parliament's approval for net extra spending of ₹44,143 crore in the current financial year for administrative and subsidy requirements, showed the first supplementary demands for grants tabled in the House. The net additional spending of ₹44,143 crore is unlikely to have a big impact on the government’s fiscal deficit target of ₹16.1 …

‘Centre, state CPSE capex could decline in FY25’
1 week, 6 days ago

‘Centre, state CPSE capex could decline in FY25’

Live Mint  

New Delhi: Capital expenditure by central infrastructure ministries, central public sector enterprises and state governments is expected to slow in FY25 after rising to a five-year high of 5.87% of GDP in FY24 due to reduced spending in the first two quarters, two people familiar with the matter said. "The Centre will continue its capital expenditure push in the upcoming …

India’s fiscal deficit on track, but spending challenges persist, govt. has only five months left in FY25 to spend: UBI report
3 weeks ago

India’s fiscal deficit on track, but spending challenges persist, govt. has only five months left in FY25 to spend: UBI report

Live Mint  

New Delhi, December 2 : The central government fiscal deficit stands at 46.5 per cent of its budget estimates in the first seven months of the current financial year 2025, highlights a report by Union Bank of India. The report also noted that the capital expenditure of the government in the first seven months of the current fiscal stands at …

Capex slowdown helps govt cut deficit by 6.6 per cent in Apr-Oct
3 weeks, 2 days ago

Capex slowdown helps govt cut deficit by 6.6 per cent in Apr-Oct

New Indian Express  

NEW DELHI: The slowing down of capital expenditure has helped the central government keep its books in order with fiscal deficit contracting by 6.6% in the first seven months of the current financial year, according to the data released by the government. The fiscal deficit during the period was Rs 7.5 lakh crore, which is 46.5% of the budget target …

India’s April-October fiscal deficit narrows to ₹7.51 trillion, driven by RBI dividend and lower capex
3 weeks, 3 days ago

India’s April-October fiscal deficit narrows to ₹7.51 trillion, driven by RBI dividend and lower capex

Live Mint  

India’s fiscal deficit for the April-October period stood at ₹7.51 trillion, 46.5% of the estimate for 2024-25, according to the data released by the Controller General of Accounts on Friday. During the April-October period, while non-tax revenue stood at ₹3.99 trillion or 73.2% of the annual budget estimates, total revenue receipts stood at ₹17.23 trillion, or 53.7% of the estimates …

Centre Could Miss Capex Target by Rs 70k Crore in FY25
3 weeks, 5 days ago

Centre Could Miss Capex Target by Rs 70k Crore in FY25

Deccan Chronicle  

Chennai: The Centre could miss the gross capex target for FY25 by Rs 70,000 crore mainly due to lower spending in defence, roads and highways, and railways in the first half. As per the revised budget estimate for FY25, the central government has set a gross capex target of Rs 11.1 lakh crore. This is 15.4 per cent down from …

Centre eyes 95% of undershot capex target for FY25: Ajay Seth
1 month ago

Centre eyes 95% of undershot capex target for FY25: Ajay Seth

Live Mint  

New Delhi: The government’s capital expenditure for FY2025 is projected to align closely with last year’s spending, at around 95% of the allocated target, though the target itself may be undershot, Ajay Seth, secretary of the department of economic affairs said on Wednesday. Last year, we spent 95% of the allotted capex, and this year it is likely to be …

Government may ease quarterly capex limits to achieve record ₹11.11 trillion spending goal for FY25: Report
1 month, 1 week ago

Government may ease quarterly capex limits to achieve record ₹11.11 trillion spending goal for FY25: Report

Live Mint  

India is considering the relaxation of quarterly spending limits to ensure it does not fall short of its capital expenditure target for the financial year 2024/2025, according to a government source. Capital expenditure, or spending on building physical infrastructure, was at 4.15 trillion rupees during April-September, or 37% of the annual target, against 4.9 trillion rupees a year earlier. The …

Chandigarh suffers ₹240 crore revenue loss in first half of fiscal year
1 month, 2 weeks ago

Chandigarh suffers ₹240 crore revenue loss in first half of fiscal year

Hindustan Times  

The UT administration has suffered a revenue loss of ₹240 crore in the first half of the 2024-25 fiscal, data from the Comptroller and Auditor General of India has revealed. The capital expenditure, which include funds designated for development projects and asset creation, have also been come down-- from ₹ 722 crore in 2023 to ₹ 655 crore in 2024. …

Capital spending of 13 major states to be below budget estimate in FY25 after sluggish start: Icra
2 months, 1 week ago

Capital spending of 13 major states to be below budget estimate in FY25 after sluggish start: Icra

Live Mint  

New Delhi: The combined capital spending of 13 major state governments in India is expected to grow by 13% to ₹6.5 trillion in FY25, below the budget estimate of ₹7.2 trillion, rating company Icra said on Wednesday. {{^adFree}} {{/adFree}} A sluggish start to capital expenditure and an expected shortfall in revenue due to elections during April-May are likely to have …

Govt plans survey of lagging private capex
2 months, 4 weeks ago

Govt plans survey of lagging private capex

Hindustan Times  

The statistics ministry is planning to conduct a survey of private-sector capital investment going into the economy, which has been lagging government capex but is critical for growth and jobs in Asia’s third-largest economy, a senior official has said. Private sector investment has grown at a slower pace, outstripped by government fixed capital formation, a measure of public spending on …

80% spike in pension bill in 4 yrs piles up state’s fiscal woes
3 months, 2 weeks ago

80% spike in pension bill in 4 yrs piles up state’s fiscal woes

Hindustan Times  

The Punjab government, which is facing increasing pressure to implement its decision to revert to the old pension scheme, has seen an 80% jump in its expenditure on pension and other retirement benefits in four years. The pension bill, a key component of the committed expenditure of the state government, has added to the fiscal stress of debt-ridden Punjab. Upinder …

Budget’s focus on boosting farm output to help Punjab: BJP leader
4 months, 3 weeks ago

Budget’s focus on boosting farm output to help Punjab: BJP leader

Hindustan Times  

Subhash Sharma, vice-president, BJP, Punjab, on Wednesday held a press conference in Phase 5, Mohali, highlighting key points of the Union Budget 2024-25, benefitting Punjab. Sharma said that the Union Budget’s focus on boosting agricultural productivity and resilience, simplifying FDI regulations, and supporting MSMEs will significantly benefit Punjab. Compared to the period of the UPA government, Punjab’s tax devolution from …

Nearly 85% of capital expenditure loans to states released in FY24: Finance ministry
4 months, 3 weeks ago

Nearly 85% of capital expenditure loans to states released in FY24: Finance ministry

Live Mint  

New Delhi: The Union government released about ₹1.10 trillion of the ₹1.3 trillion allocated to states in 2023-24 as interest-free loans towards developing infrastructure and specific reforms, with Uttar Pradesh, Madhya Pradesh, and Bihar cornering a large portion of the funds. Uttar Pradesh received the most funds, ₹19,215.08 crore, while Madhya Pradesh secured ₹12,636.21 crore, Bihar ₹8,814.80 crore, Rajasthan ₹8,513.42 …

Budget 2024-25 CAPEX: ₹11 lakh crore allocated towards capital expenditure, 3.4% of GDP by FM Nirmala Sitharaman
5 months ago

Budget 2024-25 CAPEX: ₹11 lakh crore allocated towards capital expenditure, 3.4% of GDP by FM Nirmala Sitharaman

The Hindu  

In her seventh budget presentation, Finance Minister Nirmala Sitharaman announced allocating Rs 11 lakh, 11 thousand and 111 crore towards capital expenditure. She further urged, “We will encourage states to provide support of similar scale for infrastructure development based on their priorities.” The finance minister stated that private investment in infrastructure will be promoted through Viability Gap Funding and a …

Punjab sees 15% jump in tax revenue despite sluggish GST
5 months ago

Punjab sees 15% jump in tax revenue despite sluggish GST

Hindustan Times  

Chandigarh : The Punjab government registered an increase of 15% year-on-year in its tax revenue in the first quarter of the financial year 2024-25. The Punjab government registered an increase of 15% year-on-year in its tax revenue in the first quarter of the financial year 2024-25 The impressive increase came on the back of improved state excise, sales tax and …

Govt may revise fiscal deficit target to 5% of GDP in Budget
6 months, 1 week ago

Govt may revise fiscal deficit target to 5% of GDP in Budget

Hindustan Times  

NEW DELHI: The full budget for FY25 may see a downward revision of India’s fiscal deficit target for the current financial year from previous target of 5.1% of the gross domestic product to at least 5% or less as North Block swings into action to translate Prime Minister Narendra Modi’s development agenda into budget proposals, three people aware of the …

Punjab government misses 2023-24 capex target by 53%
6 months, 4 weeks ago

Punjab government misses 2023-24 capex target by 53%

Hindustan Times  

The Punjab government missed its capital expenditure target by 53% during the financial year 2023-24. Against a capital expenditure of ₹ 10,354 crore proposed in budget estimates, the state government spent only ₹ 4,862 crore during the financial year, leaving a gap of ₹ 5,492 crore, according to the latest data on key economic indicators Against a capital expenditure of …

Fiscal deficit for Apr-Feb hits 86.5% of FY24 target
8 months, 3 weeks ago

Fiscal deficit for Apr-Feb hits 86.5% of FY24 target

New Indian Express  

NEW DELHI: India’s fiscal deficit for April to February of FY24 reached Rs 15.01 lakh crore, representing nearly 86.5% of the target set for the full financial year, according to the government data. During the corresponding period in the previous year, the fiscal deficit was recorded at Rs 14.53 lakh crore. As of February 2024, the Government of India has …

Punjab FM flays Centre for withholding funds, as he presents budget
9 months, 2 weeks ago

Punjab FM flays Centre for withholding funds, as he presents budget

The Hindu  

Punjab Finance Minister Harpal Singh Cheema on Tuesday presented the Aam Aadmi Party government’s budget proposal for the year 2024-25 with a total outlay of ₹2,04,918 crore, focusing on education, health and agriculture. “Withholding of the rightful share of the State, totaling ₹8,000 crore approximately, on account of National Health Mission, Rural Development Fund, Mandi Development Fund, and Special Assistance …

Fiscal deficit at Jan-end touches 63.6 pc of full year target, says govt data
9 months, 3 weeks ago

Fiscal deficit at Jan-end touches 63.6 pc of full year target, says govt data

Hindustan Times  

The government's fiscal deficit at ₹11 lakh crore at January end touched 63.6 per cent of the revised annual target, according to the official data released on Thursday. The government's total receipts stood at ₹ 22.52 lakh crore as of January 2024 In the corresponding period last year, the fiscal deficit or gap between the expenditure and revenue was 67.8 …

Ajit Pawar presents interim budget, state debt reaches ₹7.82 lakh crore
9 months, 3 weeks ago

Ajit Pawar presents interim budget, state debt reaches ₹7.82 lakh crore

Hindustan Times  

MUMBAI: Finance minister Ajit Pawar on Tuesday presented a ₹6 lakh crore interim budget with a revenue deficit of ₹9,734 crore. While the government is aiming for a $1trillion state economy, its debt burden has reached ₹7.82 lakh crore after a net borrowing of ₹72,000 crore. The PM has announced welfare schemes for youth, women, the poor and farmers, which …

Capital expenditure revised downwards for 2023-24 - The Hindu
10 months ago

Capital expenditure revised downwards for 2023-24 - The Hindu

The Hindu  

Tamil Nadu budget has revised the capital expenditure downwards to ₹42,532 crore in revised estimates for 2023-24 from ₹44,366 crore in the budget estimates. The capital expenditure goes towards creation of fixed assets such as roads and bridges, irrigation structures, schools, hospitals, along with investments made in Public Sector Undertakings. For 2024-25, the State has estimated its capital expenditure to …

Karnataka Budget: No tax hike, borrowings cross ₹1 lakh crore in revenue deficit
10 months, 1 week ago

Karnataka Budget: No tax hike, borrowings cross ₹1 lakh crore in revenue deficit

The Hindu  

The total outlay of the Karnataka State budget for 2024-25 is pegged at ₹3,71,383 crore, as against a revised estimate of ₹3,12,708 crore for 2023-24. Karnataka Budget 2024-25: LIVE coverage While the Chief Minister has not increased any taxes, he has presented a revenue deficit budget with the net borrowings crossing ₹1 lakh crore, perhaps for the first time in …

On Track: MoRTH, Railways Use Up More Than 75% Capex Target Till Third Quarter of 2023-24 Fiscal
10 months, 1 week ago

On Track: MoRTH, Railways Use Up More Than 75% Capex Target Till Third Quarter of 2023-24 Fiscal

News 18  

Two of the biggest infrastructure ministries – road transport and highways as well as railways – have used more than 75 percent of the capital expenditure in the first nine months of the current fiscal. According to data from the ministry, the railways, which got Rs 2.62 lakh crore for the ongoing financial year, has spent Rs 1.95 lakh crore …

Uttar Pradesh Finance Minister Suresh Kumar Khanna presents ₹7.36 lakh crore budget for FY-25 in State Assembly
10 months, 2 weeks ago

Uttar Pradesh Finance Minister Suresh Kumar Khanna presents ₹7.36 lakh crore budget for FY-25 in State Assembly

The Hindu  

Uttar Pradesh Finance Minister Suresh Kumar Khanna on February 5 presented the budget for financial year 2024-25 in the State Assembly with an outlay of ₹7.36 lakh crore, higher from current fiscal's budget of ₹6.90 lakh crore. The total outlay of ₹7,36,437.71 crore for the next fiscal includes new schemes worth ₹24,863.57 crore, the State Finance Minister said while presenting …

Interim Budget surprises fixed income market
10 months, 3 weeks ago

Interim Budget surprises fixed income market

New Indian Express  

It was expected to be a restricted vote on national accounts, but this interim budget, instead, surprised fixed income markets so much so that the yield of India’s benchmark 10-year government security fell by 9 bps. Firstly, in FY24, not only did India manage to achieve the highest economic growth on the back of heavy public capex, but it did …

A case of capex under the ‘macroscope’
10 months, 3 weeks ago

A case of capex under the ‘macroscope’

The Hindu  

India’s economic recovery in the early post COVID-19 pandemic phase was distinctly underscored by a strong performance in exports and domestic investments. The FY25 Interim Budget carries forward the ethos of public capex a notch higher, thereby bolstering the government’s commitment to high quality spending. The budgeted capex by the central government, an important metric for capacity creation in the …

Key takeaways from interim Budget 2024-25 in charts
10 months, 3 weeks ago

Key takeaways from interim Budget 2024-25 in charts

The Hindu  

The Finance Minister presented her sixth budget today. Budget 2024 live updates Besides this, here are the charts that show key numbers from the interim Budget 2024: Budget at a glance The Finance Minister said that the Revised Estimate of the total receipts other than borrowings is Rs 27.56 lakh crore. Capital Expenditure Capital expenditure outlay was raised to ₹11.1 …

Budget 2024: CII welcomes Indian government's push for infrastructure, Capex-led growth
10 months, 3 weeks ago

Budget 2024: CII welcomes Indian government's push for infrastructure, Capex-led growth

Firstpost  

The Confederation of Indian Industry welcomed the Budget 2024 and the step by the Indian government step towards increasing capital expenditure by almost 11 per cent. In the Interim Budget 2024, the government proposed to increase capital expenditure outlay by 11.1 per cent to Rs 11.11 lakh crore for financial year 2024-25. Our recommendation initially was a 5.4 per cent …

Union Budget fiscal deficit for 2024-25 at 5.1% compared to 5.8% in FY24
10 months, 3 weeks ago

Union Budget fiscal deficit for 2024-25 at 5.1% compared to 5.8% in FY24

The Hindu  

The revised fiscal deficit for financial year 2024-25 is estimated at 5.1 per cent of the GDP, down from 5.8 per cent for the current financial year 2024, Union Minister Nirmala Sitharaman announced in her interim Budget speech on Thursday. As per data released by the Controller General of Accounts on Wednesday, the Union government’s fiscal deficit touched ₹9.82 lakh …

Budget 2024: Nominal GDP growth seen at 10.50 per cent, FY24 fiscal deficit revised down to 5.80 per cent
10 months, 3 weeks ago

Budget 2024: Nominal GDP growth seen at 10.50 per cent, FY24 fiscal deficit revised down to 5.80 per cent

India TV News  

In the interim Budget presented by Finance Minister Nirmala Sitharaman, the Union government has assumed a nominal GDP growth of 10.50 per cent for the fiscal year 2024-25. The revised estimate of the fiscal deficit for FY24 is 5.8 per cent of GDP, improving on the budget estimate despite a moderation in nominal growth estimates. Union Finance Minister Nirmala Sitharaman …

With one quarter to go, fiscal deficit at 55% of target
10 months, 3 weeks ago

With one quarter to go, fiscal deficit at 55% of target

The Hindu  

The Union Government’s fiscal deficit stood at ₹9.8 lakh crore, or 55% of its Budget target through the first nine months of the fiscal year, as per data from the Controller General of Accounts. to meet the capex target for the year, which appears optimistic relative to the ₹2.5 lakh crore recorded in the same quarter of 2022-23,” said Aditi …

Budget 2024: Government likely to maintain momentum on increasing capital expenditure
11 months ago

Budget 2024: Government likely to maintain momentum on increasing capital expenditure

India TV News  

The government is expected to maintain its focus on increasing capital expenditure in the upcoming budget, particularly in the infrastructure sector, to stimulate economic growth amid subdued private investment. Since the post-COVID period, the budget has consistently emphasised capital expenditure, leading to over 7 per cent growth in the last three years, making India the fastest-growing large economy globally. In …

Interim Budget 2024: Overall spending likely to see 10% hike, says report
11 months, 1 week ago

Interim Budget 2024: Overall spending likely to see 10% hike, says report

India Today  

The upcoming interim budget for the fiscal year 2024-25 may witness a cautious approach from the government, with an anticipated 10 per cent increase in overall spending compared to the current fiscal year, reported The Economic Times. Despite the economy's robust growth, with a forecasted 7.3 per cent increase in Gross Domestic Product for the fiscal year 2023-24, the government …

Railway budget 2024 to rise 25% to hit record levels
11 months, 1 week ago

Railway budget 2024 to rise 25% to hit record levels

Hindustan Times  

Budgetary allocation for Indian Railways is expected to hit record levels in 2024-25 as the government gears up to support a major makeover for the national transporter with additional modern and faster trains and improved safety features. “The government supported with an over 50% increase in gross budgetary support in 2023-24, and the expectation is that absolute support would touch …

Tax revenues of FY24 to be 17.2 pc more than last year
11 months, 3 weeks ago

Tax revenues of FY24 to be 17.2 pc more than last year

Deccan Chronicle  

Chennai: Tax revenues of FY24 is expected to be 5 per cent higher than the budget estimate and 17.2 per cent higher than last year’s revenues. India Ratings expects it to reach Rs 24.5 trillion in FY24, five per cent higher than the budgeted Rs 23.3 trillion. However, capital receipts are lagging and were Rs 229.9 billion during April-October 2023 …

Tax Revenues of FY24 to Be 17.2 pc More Than Last Year
11 months, 3 weeks ago

Tax Revenues of FY24 to Be 17.2 pc More Than Last Year

Deccan Chronicle  

Chennai: Tax revenues of FY24 is expected to be 5 per cent higher than the budget estimate and 17.2 per cent higher than last year’s revenues. India Ratings expects it to reach Rs 24.5 trillion in FY24, five per cent higher than the budgeted Rs 23.3 trillion. However, capital receipts are lagging and were Rs 229.9 billion during April-October 2023 …

Punjab governor fires another missive, questions AAP govt’s fiscal management
1 year, 2 months ago

Punjab governor fires another missive, questions AAP govt’s fiscal management

Hindustan Times  

Days after chief minister Bhagwant Mann shared details of debt raised by his government and its utilisation, Punjab governor Banwarilal Purohit shot off another missive to him on Tuesday, raising questions over the state government’s fiscal management, lack of transparency and diversion of funds meant for capital expenditure for “undisclosed purposes”. Chief minister Bhagwant Mann and governor Banwarilal Purohit have …

UP surpasses capex target, set to get 2nd tranche of central loan
1 year, 2 months ago

UP surpasses capex target, set to get 2nd tranche of central loan

Hindustan Times  

LUCKNOW Uttar Pradesh government has spent 51% of the capital expenditure target against the required 45% to get the second instalment of an interest-free loan for 50 years from the Centre under its special assistance scheme for the states. The government proposes to spend all the funds earmarked for capital expenditure by the end of 2023-2024, and this is bound …

Revenue deficit of Andhra Pradesh crosses budget estimates in first quarter itself
1 year, 2 months ago

Revenue deficit of Andhra Pradesh crosses budget estimates in first quarter itself

The Hindu  

The statement on the quarterly review of the trends in receipts and expenditure in relation to the budget at the end of the first quarter of the 2023-24 financial year presents a grim picture of the State government’s finances. According to the report, the revenue deficit exceeded the budget estimates for the financial year 2023-24 in the first quarter itself. …

Highways Ministry, Railways Achieve Around 40% Capital Expenditure Till July, Aim to Spend 90% by December
1 year, 4 months ago

Highways Ministry, Railways Achieve Around 40% Capital Expenditure Till July, Aim to Spend 90% by December

News 18  

With about eight assembly polls and the Lok Sabha elections scheduled in the next one year, the Union government is prioritising its spending. Of the Rs 5 lakh crore allocated to these ministries for the current financial year, the two have already spent Rs 2.06 lakh crore by July-end. According to a Railway Ministry official, by July-end, the national transporter …

Focusing on roadmap to make India a $5 trillion economy: Govt
1 year, 4 months ago

Focusing on roadmap to make India a $5 trillion economy: Govt

Live Mint  

New Delhi: The government’s roadmap to makinge India a $5 trillion economy comprises measures like focussing on inclusive growth, promoting digital economy, fintech, technology-enabled development, energy transition and climate action, and relying on a virtuous cycle of investment and growth, minister of state for fnance Pankaj Chaudhary said on Tuesday. Responding to an unstarred question in the Rajya Sabha, Chaudhary …

Centre Reaches 25 Per Cent Of Its Annual Fiscal Deficit Target In April-June
1 year, 4 months ago

Centre Reaches 25 Per Cent Of Its Annual Fiscal Deficit Target In April-June

ABP News  

The Indian government has already touched 25.3 per cent of its fiscal deficit target for the whole year. According to the data released by the Controller General of Accounts on Monday, the fiscal deficit for the first quarter of the current fiscal year accounts for about 25 per cent of the total fiscal deficit target for the year. According to …

Govt meets 6.4% fiscal deficit target for FY23
1 year, 6 months ago

Govt meets 6.4% fiscal deficit target for FY23

Hindustan Times  

The Union government met its fiscal deficit target of 6.4% of the gross domestic product for 2022-23 on the back of robust tax revenue despite higher revenue expenditure, particularly on account of subsidies and interest payments, official data released on Wednesday showed. Fiscal deficit indicates government’s borrowing to meet the gap between revenue receipts in a particular financial year and …

Delhi govt presents ₹78,800 crore budget for 2023-24 after a day’s delay
1 year, 9 months ago

Delhi govt presents ₹78,800 crore budget for 2023-24 after a day’s delay

Hindustan Times  

The Delhi government on Wednesday presented ₹78,800 crore budget estimates for the financial year 2023-24 in the legislative assembly, with focus on enhancing the national Capital’s infrastructure, sanitation, transportation facilities besides the usual focus on health and education. Delhi chief minister Arvind Kejriwal and finance minister Kailash Gahlot arrive for the budget presentation at the legislative assembly on Wednesday. The …

Fiscal deficit dips as Delhi government changes formula
1 year, 9 months ago

Fiscal deficit dips as Delhi government changes formula

The Hindu  

Delhi’s fiscal deficits for 2020-21 and 2022-23 have seen a fall after a change by the AAP government in the calculation formula, showed budget documents. However, last year’s budget documents showed that the fiscal deficit for 2020-21 was ₹9,972 crore. The fiscal deficit, according to last year’s budget document, is calculated as sum of ‘revenue receipts’, ‘recoveries of loans’ and …

W.B. Budget for 2023-24 broadens welfare schemes, gives incentives to jobs
1 year, 10 months ago

W.B. Budget for 2023-24 broadens welfare schemes, gives incentives to jobs

The Hindu  

With an eye on the upcoming panchayat polls, the West Bengal government’s Budget for the year 2023-24 on Wednesday widened the ambit of social welfare schemes like Lakshmi Bhandar, added a new scheme providing death benefits for fishermen, promised financial assistance for micro-enterprise and allocated ₹3000 crore for rural road connectivity and repair of urban roads in the State. Minister …

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