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Articles for Budgeted

Data dive: How freebies are hurting already stressed state finances
1 month ago

Data dive: How freebies are hurting already stressed state finances

Live Mint  

Maharashtra and Jharkhand are going to polls amid heated campaigns that saw ideological clashes, political wrangling, and promises of several free goods and services, colloquially known as freebies. Most states that went to polls in 2023 or 2024 saw their fiscal deficit as a share of the gross state domestic product rise compared to the previous non-election year, showed a …

Tax Centre Free Fiscal Expenditure Emkay Global Revenues States
Home Office overspends billions on asylum and immigration due to ‘woeful budgeting’
3 months, 3 weeks ago

Home Office overspends billions on asylum and immigration due to ‘woeful budgeting’

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Home Office has repeatedly …

Budget Office Asylum Treasury Spending Ifs Home Office
Interim Budget 2024 — in campaign mode
10 months, 3 weeks ago

Interim Budget 2024 — in campaign mode

The Hindu  

Well before Finance Minister Nirmala Sitharaman rose to present the Interim Budget for 2024-25, there were indications as to what its focus would be. That has been true of this year’s Interim Budget as well, which focused on all the “welfare” schemes, in areas varying from housing to food, which have been largely attributed to the Prime Minister. For example, …

Finance Financial Budget Spending Crore Scheme Mgnrega
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 …

India Budget States High Trillion Gdp Capex
Intent vs Delivery: What this govt promised, what it delivered
10 months, 3 weeks ago

Intent vs Delivery: What this govt promised, what it delivered

Live Mint  

GDP growth Intent: The budget document is vital to understand GDP growth expected for the next year. ₹3.9 trillion: The amount by which the fiscal deficit exceeded the Centre’s tax revenues in 2020-21, the year when covid-19 hit. Capital expenditure Intent: A stated intention of this government, especially post-covid, has been to do ‘good spending’—investments that have a trickle-down effect …

India Welfare Schemes Tax Delivery Covid Scheme Pli
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 …

Billion Trillion Fy24 Tax Revenues Cent Higher Budgeted
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 Revenue Billion Cent Tax Revenue Higher Trillion
EPC Companies Can Bring the Realized Profit at Par with Budgeted Profit
1 year, 4 months ago

EPC Companies Can Bring the Realized Profit at Par with Budgeted Profit

Deccan Chronicle  

Engineering Procurement and Construction companies engaged in the development of power infrastructure networks often discover that their realized margin by the end of a project is significantly lower than what they were anticipating during project initiation. Sub-contractor in possession of unaccounted material: To compound the problem faced by EPC companies, the EPC construction consultants point out, material worth as much …

Management Companies Focus Reconciliation Engineers Epc Tasks
EPC Companies Can Bring Realized Profit at Par with Budgeted Profit
1 year, 4 months ago

EPC Companies Can Bring Realized Profit at Par with Budgeted Profit

Deccan Chronicle  

By Nilesh Riswadkar Engineering Procurement and Construction companies engaged in the development of power infrastructure networks often discover that their realized margin by the end of a project is significantly lower than what they were anticipatingduring project initiation. b) Sub-contractor in possession of unaccounted material: To compound the problem faced by EPC companies, the EPC construction consultants point out, material …

Management Companies Focus Reconciliation Project Engineers Material
Measures to make T.N. revenue-neutral to be keenly watched
1 year, 9 months ago

Measures to make T.N. revenue-neutral to be keenly watched

The Hindu  

Apart from the anticipation of an announcement on the monthly honorarium of ₹1,000 for women family heads, measures to achieve the goal of making the State revenue-neutral in three years would be keenly watched in the Tamil Nadu Budget for 2023-24 to be presented by Finance Minister Palanivel Thiaga Rajan on Monday. As per the provisional figures of the Comptroller …

Finance Tamil Nadu State Crore Deficit Fiscal Central Taxes
Union Budget 2023-24 | Without growth or welfare, a Budget that curtails social spending
1 year, 10 months ago

Union Budget 2023-24 | Without growth or welfare, a Budget that curtails social spending

The Hindu  

Published : Feb 07, 2023 15:57 IST If we ignore the hype that accompanies and follows the presentation of the Central government’s annual Budget, there are principally two strands in it that have attracted attention. The first is the claim of Finance Minister Nirmala Sitharaman that in a growth-accelerating intervention, the step-up in capital or investment expenditure during the second …

Finance Growth Social Budget States Capital Spending
Tax-Capex double engine in Union Budget 2023-24
1 year, 10 months ago

Tax-Capex double engine in Union Budget 2023-24

Hindustan Times  

Finance minister Nirmala Sitharaman on Wednesday presented a Budget that continued her government’s emphasis on capital investment, with a record ₹10 lakh crore spend planned in 2023-24, sought to encourage taxpayers to spend more with tax cuts, and announced a ₹35,000 crore expenditure on energy transition even as she managed to reduce the fiscal deficit to 5.9% from 6.4% this …

Finance India Tax Budget Crore Minister Lakh
Budget 2023 | How to read the Budget document
1 year, 10 months ago

Budget 2023 | How to read the Budget document

India TV News  

Budget 2023: Finance Minister Nirmala Sitharaman will present the Union Budget on February 1. Even though it is only a small part of the Budget document, the speech is the most important aspect. BUDGET 2023: FULL COVERAGE Direct and indirect tax announcements are included in Part B. The government's capital expenditures, administrative expenses, tax revenue, non-tax revenue, subsidy payments for …

Finance Tax Budget 2023
5 charts reveal the state of state economies
2 years, 1 month ago

5 charts reveal the state of state economies

Live Mint  

After witnessing unprecedented challenges due to the covid-19 pandemic, India’s states are well on their way to recovery, according to the Reserve Bank of India’s Handbook of Statistics on Indian States released last week. Here is what data tells us about states’ growth, finances, wages, and credit, in five charts: Recovering Losses View Full Image Mint ReNew to sell 1GW …

India Growth Kerala Inflation Uttar Pradesh States State
RBI decides to give ₹30,307 cr FY22 dividend to Centre
2 years, 7 months ago

RBI decides to give ₹30,307 cr FY22 dividend to Centre

Live Mint  

The Reserve Bank of India on Friday approved a dividend payment of ₹30,307 crore to the Centre for the fiscal year ended March 2022, sharply lower than the government’s expectations. In the 2022 budget, the government had estimated that it would receive ₹73,948 crore as dividend from the RBI and state-run lenders for FY22, which would be transferred this fiscal. …

Bank Dividend Crore Centre Rbi Fiscal
Is India prepared to protect itself from cyber-attacks?
2 years, 9 months ago

Is India prepared to protect itself from cyber-attacks?

Business Standard  

According to business and consumer data company Statista, in the financial year 2021, over 3.8 thousand government services in India were provided over the internet. The government’s ongoing Digital India push and the Reserve Bank’s planned Central Bank Digital Currency may only add to the list of vulnerabilities. According to the Computer Emergency Response Team data, India witnessed a three-fold …

India Cybersecurity Cyber Security Cyber Attacks Cent Cyber Business Standard
A Nudge and A Multiplier Effect: Why FM Has Budgeted for Capital Expenditure
2 years, 10 months ago

A Nudge and A Multiplier Effect: Why FM Has Budgeted for Capital Expenditure

News 18  

The economy is recovering but it still needs the government to spend on building assets that can lay the foundation for overall growth. Hence, Finance Minister Nirmala Sitharaman in her fourth Budget and in a concise speech focused on the attention where this capital expenditure should take place. This includes Rs 1 lakh crore earmarked as special borrowing by states …

Finance India Tax Budget Capital Crore Lakh
Budget 2022: FY23 disinvestment receipts pegged at Rs 65K cr; receipts for current year cut to Rs 78K cr
2 years, 10 months ago

Budget 2022: FY23 disinvestment receipts pegged at Rs 65K cr; receipts for current year cut to Rs 78K cr

India TV News  

Highlights The big-ticket disinvestment of Life Insurance Corporation is in the works The government has missed the disinvestment target for three consecutive years In 2020-21, the government had mopped up Rs 37,897 crore The government's receipt from disinvestment proceeds in the next financial year beginning April has been pegged at Rs 65,000 crore, lower than the current year's estimated mobilisation …

Budget Disinvestment Crore Target Lic
Covid shaves off a 5th of ONGC capex in FY21; downstream firms exceed target
3 years, 8 months ago

Covid shaves off a 5th of ONGC capex in FY21; downstream firms exceed target

Business Standard  

Oil and gas producer ONGC spent about one-fifth less than its budget Capex in 2020-21 fiscal after COVID-19 related restrictions delayed projects but fuel marketers such as IOC exceeded targeted capital spending, a government report showed. Oil and Natural Gas Corporation had budgeted Rs 32,502 crore of capital spending in the fiscal from April 2020 to March 2021 but ended …

Spending Crore Covid Target Capex Ongc Capital Spending