Articles for Expenditure

Rule 8D Of IT Rules Can Be Invoked Only If Assessee's Computation Of Expenses Attributable To Earning Exempt Income Is Found Inadequate: Delhi HC
4 days, 8 hours ago

Rule 8D Of IT Rules Can Be Invoked Only If Assessee's Computation Of Expenses Attributable To Earning Exempt Income Is Found Inadequate: Delhi HC

Live Law  

The Delhi High Court has held that recourse to Rule 8D of the Income Tax Rules, 1962 for computing disallowance under Section 14A of the Income Tax Act is available only if the Assessee's computation of expenses attributable to earning exempt income, is found to be inadequate. Aggrieved, the Assessee preferred an appeal before the Commissioner of Income Tax which …

Delhi Income Rule Expenditure Exempt Computation Earning
Centre to make highest-ever effective capital expenditure in fiscal year 2024-25, know what it is
5 days, 15 hours ago

Centre to make highest-ever effective capital expenditure in fiscal year 2024-25, know what it is

India TV News  

The Central government is set to make the highest-ever effective capital expenditure in the fiscal year 2024-25, Union Finance Minister Nirmala Sitharaman said during the proceedings in Lok Sabha. Sitharaman on Tuesday stated that the effective capital expenditure of the Union govt for this fiscal year is pegged at a staggering Rs 15.02 lakh crore, among the highest such spending …

Capital Lok Sabha Spending Centre Effective Expenditure Fiscal Year
The challenge of universal health coverage
5 days, 22 hours ago

The challenge of universal health coverage

The Hindu  

The ongoing national conversation on what India needs to do for universal health coverage often misses the complexity of multiple health systems and the unique challenges they bring. Not the solution Government health expenditure in West Bengal, which was ₹1,346 per capita in 2019-20, is only about 61% of the estimated ₹2,205 required to offer UHC. The story is no …

India Healthcare Kerala Bihar States West Bengal State
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 …

India Capital Businesses Capital Expenditure Industry Needs
Chandigarh: Following MC chief’s lead, now officers slash theirs ‘entertainment charges’
1 week, 2 days ago

Chandigarh: Following MC chief’s lead, now officers slash theirs ‘entertainment charges’

Hindustan Times  

After municipal corporation commissioner Amit Kumar voluntarily slashed “entertainment allowance” by 50% from his salary, all entitled officers of the MC on Friday slashed their allowance, which will help the civic body save expenditure of ₹8 lakh per annum. Every month, Chandigarh MC officials get a fixed amount as an “entertainment expense” to meet the expenditure of serving “tea, coffee …

Entertainment Charges
Gati Shakti empowering country: Union Minister Jyotiraditya Scindia
1 week, 3 days ago

Gati Shakti empowering country: Union Minister Jyotiraditya Scindia

Live Mint  

New Delhi, December 13 : Union Minister for Communications, Jyotiraditya Scindia highlighted that the introduction of the Gati Shakti scheme has revolutionized infrastructure development in the country, brought about paradigm shifts in governance and age-old frameworks across the spectrum. Over the past year, India has allocated a record ₹11.5 lakh crore towards capital expenditure, marking a significant leap in the …

India Infrastructure Gati Shakti Capital Expenditure Minister Jyotiraditya Empowering Country Empowering Country Union
L-G accords expenditure sanction to provide ₹5,000 as cyclone relief to 3.54 lakh ration cardholders in U.T.
1 week, 4 days ago

L-G accords expenditure sanction to provide ₹5,000 as cyclone relief to 3.54 lakh ration cardholders in U.T.

The Hindu  

Paving the way for disbursal of ₹5,000 to each ration cardholder by way of Direct benefit Transfer in Puducherry, Karaikal and Yanam regions of the Union Territory as Cyclone Fengal relief assistance, the Lieutenant Governor, K. Kailashnathan, has accorded sanction to the government to incur an expenditure of around ₹177 crore towards providing the assistance. The assistance of ₹5,000 per …

Card Assistance Ration Ration Cardholders Cardholders
Mint Explainer: Why the auto sector is not out of the woods
Trending News
1 week, 6 days ago

Mint Explainer: Why the auto sector is not out of the woods

Live Mint  

Sales of small and mid-sized cars have long served as a barometer of middle-income consumption and economic health. Passenger car sales plummeted nearly 20% year-on-year in the July-September quarter, according to data from SIAM, while utility vehicles registered a 9% growth. Commercial vehicles faced a tougher quarter, with sales dropping 11% due to reduced government capital expenditure and sluggish market …

India Growth Consumer Vehicles Auto Sales Spending
‘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 Growth States Capital State Centre Trillion
Sitharaman Says Economic Activity To Likely Improve In Q3, Backed By Public Expenditure
2 weeks, 1 day ago

Sitharaman Says Economic Activity To Likely Improve In Q3, Backed By Public Expenditure

ABP News  

Finance Minister Nirmala Sitharaman on Friday said that the slowdown in GDP growth in the July-September quarter was not systemic. The minister said that economic activity in the third quarter is likely to improve backed by better public expenditure. Notably, the GDP growth rate stood at 5.4 per cent in the second quarter, hitting a 7-quarter low. In the first …

India Growth Public Expenditure Cent Quarter Sitharaman Capital Expenditure
GDP Slowdown in Q2 Not Systemic: Nirmala Sitharaman
2 weeks, 3 days ago

GDP Slowdown in Q2 Not Systemic: Nirmala Sitharaman

Deccan Chronicle  

New Delhi: Union finance minister Nirmala Sitharaman on Friday said that the gross domestic product or GDP slowdown in the September quarter was not ‘systemic’ and the economic activity in the third quarter, with better public expenditure, is likely to compensate for the moderation. The minister’s statement comes after the Reserve Bank of India sharply slashed its growth projection to …

India Growth Cent Quarter Sitharaman Capital Expenditure
India’s GDP growth shocker: Bad news can be good too
2 weeks, 5 days ago

India’s GDP growth shocker: Bad news can be good too

Live Mint  

India’s growth in gross domestic product of 5.4% in the three months ended 30 September, or the second quarter of 2024-25, was a shocker. It’s the lowest level seen since the third quarter of 2022-23 and a sharp drop from 8.1% growth in the same period last year and also from 6.7% in the first quarter of 2024-25. Given the …

India Policy Growth Capital Quarter Rbi Gdp
Australia’s Cbus Lacked Proper Expense Procedures, Deloitte Says
2 weeks, 5 days ago

Australia’s Cbus Lacked Proper Expense Procedures, Deloitte Says

Live Mint  

-- Cbus Super, one of Australia’s largest pension funds, lacked proper procedures to ensure key expenses decisions were made in the best financial interests of its members, according to an independent review by Deloitte. “It is our assessment that lack of consistency, appropriate process, appropriate governance, and necessary rigour, are all areas for improvement and currently lacking for the determination …

Deloitte Independent Expenditure Decisions Cbus Lacked Proper Expense
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 …

India Report Cent Months Fiscal Expenditure Capital Expenditure
India needs to grow at over 7% along with robust fiscal framework to meet Viksit Bharat target: EY India
3 weeks ago

India needs to grow at over 7% along with robust fiscal framework to meet Viksit Bharat target: EY India

Live Mint  

New Delhi, December 2 : A recent report by EY India says enhanced government spending is vital for India's Viksit Bharat vision. It says achieving developed economy status requires 7 per cent plus sustained GDP growth and a robust fiscal framework. This requires a significant increase in the government's total expenditure to 35 per cent of GDP from the current …

India Cent Gdp Fiscal Viksit Bharat Expenditure Ey India
India’s cities, their non-communicable disease burden
3 weeks ago

India’s cities, their non-communicable disease burden

The Hindu  

The recent case where a Bengaluru Metropolitan Transport Corporation bus driver passed away after cardiac arrest while on duty, has set off discussions on rising poor health outcomes in our cities. The health burden in urban India Poor urban communities face a triple health burden: hazardous work environments, limited health-care access, and financial vulnerability during health crises, that are exacerbated …

India Urban Cities Work Care Poor Ncd
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 …

Crore Lakh Total Expenditure
GHMC proposes Rs 8,340cr Budget for 2025–26
3 weeks, 3 days ago

GHMC proposes Rs 8,340cr Budget for 2025–26

New Indian Express  

HYDERABAD: The Greater Hyderabad Municipal Corporation has drafted an annual Budget estimate of Rs 8,340 crore for the financial year 2025–26, reflecting a rise of nearly Rs 400 crore compared to the 2024-25 Budget of Rs 7,937 crore. Additionally, a separate Rs 300 crore Budget has been allocated for projects of other corporations managed by GHMC, including the Telangana Housing …

Budget Crore Expenditure Ghmc Proposes
Chandigarh MC looks to tighten purse strings amid cash crunch
3 weeks, 3 days ago

Chandigarh MC looks to tighten purse strings amid cash crunch

Hindustan Times  

For the past five years, the annual expenditure of the Chandigarh municipal corporation has increased manifold with only a marginal rise in generating revenue through own sources, the data shared by MC has revealed. Chandigarh MC looks to tighten purse strings amid cash crunch This comes days after Punjab governor and UT administrator Gulab Chand Kataria directed MC officials and …

Expenses Chandigarh Crore Expenditure
Delhi seeks Rs 10,000 crore loan from Centre, Finance Secretary flags concerns
3 weeks, 5 days ago

Delhi seeks Rs 10,000 crore loan from Centre, Finance Secretary flags concerns

India Today  

As Delhi prepares for the upcoming Assembly elections, the state government has proposed borrowing Rs 10,000 crore from the National Small Savings Fund to meet its expenditure for the current fiscal year, 2024-25. Despite political backing, Principal Secretary Ashish Chandra Verma has raised objections, warning of the long-term fiscal burden the loan might impose. Delhi now faces two options: Continue …

Delhi Verma Nssf Crore Loan Loan Scheme
The Netherlands set to exceed European spending guidelines; only country to do so
3 weeks, 6 days ago

The Netherlands set to exceed European spending guidelines; only country to do so

NL Times  

The Dutch government’s expenditure exceeds the guidelines of the new European budget rules. “The Netherlands is assessed to be not in line with the recommendation, as the net expenditure is projected above the ceilings,” the European Commissioner for Economy, Paulo Gentiloni, said on Wednesday. When Prime Minister Dick Schoof’s Cabinet released their first-ever budget plan, it was already clear that …

Netherlands Budget Commission Line European Net
Telangana Fails to Meet Revenue Targets in First Six Months
1 month ago

Telangana Fails to Meet Revenue Targets in First Six Months

Deccan Chronicle  

Hyderabad: Telangana's revenue collection in the first six months of the financial year 2024-25 stood at Rs.1,25,989.74 crore, which is 45.97 per cent of the full year Budget estimates of Rs.2,21,242.23 crore. This marks a modest 5.28 per cent decline in revenue realisation compared to 51.25 per cent revenue collected during the corresponding period last year. Tax revenue was Rs.82,135.38 …

Budget Revenue Crore Stood Cent Telangana
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 …

India Dea Trillion Fy25 Capex Centre Eyes Seth Secretary
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