Articles for Centre Cuts

Centre could cut spending for first time in 3 years: Report
2 years, 2 months ago

Centre could cut spending for first time in 3 years: Report

Hindustan Times  

Spending by the Union Government this fiscal year could be less than budgeted for the first time in three years, two sources with direct knowledge of the matter told Reuters, amid a push to meet a fiscal deficit target of 6.4% of gross domestic product. Though tax cuts on fuel, aimed at reducing the impact of soaring global energy prices, …

Crore Lakh Deficit Fiscal Sources
Is the Centre fair in imposing cuts in borrowing limits of States retrospectively?
2 years, 3 months ago

Is the Centre fair in imposing cuts in borrowing limits of States retrospectively?

Deccan Chronicle  

The need for maintaining fiscal sustainability is unquestionable. While the Centre has been consistent in flouting the limits mandated under the Fiscal Responsibility and Budget Management Act with impunity, states have by and large maintained their fiscal indicators within limits. While communicating the net borrowing ceilings of states for the financial year 2022-23, the Centre, for the first time, indicated …

Budget States Revenue State Crore Centre Limits
Centre cuts excise duty on petrol, diesel; prices to drop by ₹9.5, ₹7 per litre
2 years, 7 months ago

Centre cuts excise duty on petrol, diesel; prices to drop by ₹9.5, ₹7 per litre

Hindustan Times  

The Centre has decided to reduce the central excise duty on petrol by ₹8 per litre and on diesel by ₹6 per litre, Union finance minister Nirmala Sitharaman said on Saturday. “It will have a revenue implication of around ₹1 lakh crore per year for the government,” the finance minister said in a series of tweets. Sitharaman also announced that …

Duty Raw Materials Sitharaman Centre Cuts
Centre cuts pollution control budget by 50%, draws flak from experts
5 years, 11 months ago

Centre cuts pollution control budget by 50%, draws flak from experts

Hindustan Times  

The Centre’s decision to cut down the budget on pollution control by 50 % this year has drawn criticism from environment experts who said while the nation reels under severe air pollution problem, it was shocking that the government has reduced its budgetary allocation. Condemning this move, a member of the city-based think tank Centre for Science and Environment said …

Budget Pollution Pollution Control Air Ncap Cse Interim Budget