E-PaperGovernment Spending News
US economy grew 6.5% in second-quarter: Report
The rate in the April to June period represented a slight acceleration from the 6.3 percent growth seen in the first quarter, and was driven by increases in consumer spending, exports and local government spending
1 min read29 Jul 2021Govt plans to cut spending to curb deficit, may hurt growth: Report
The govt is likely to cut spending for the current fiscal year by ₹2 trillion as it faces one of the biggest tax shortfalls in recent yearsThe govt has spent about 65% of the total expenditure target of ₹27.86 trillion till Nov but reduced the pace of spending in Oct and Nov
1 min read6 Jan 2020Rating downgrades rise as economic slowdown intensifies credit quality pressure
Constrained access to funding affected credit profiles of entities across sectors, especially non-banks and real estateThe value of debt downgraded more than trebled to ₹1.38 lakh crore in the first half of fiscal 2020 from ₹39,000 crore in the year-ago period
3 min read1 Oct 2019Rural distress rises, focus likely to be on spending for the poor
With considerable uncertainty surrounding the progress of the annual monsoon and rural distress still a challenge, the big question is where does the finance minister raise the necessary funds in an otherwise difficult year
2 min read3 Jul 2019Govt plans ₹27.8 trillion spending next year. Here's a breakdown
Govt announced a plan to give handouts to about 120 mn small farmers, budgeted at a cost of Rs. 75,000 crore a yearHere’s a look at the sources of government’s receipts and where it deploys every rupee it earns
1 min read1 Feb 2019How NDA reduced the gap between allocations, spends
Since 2004-05, a majority of ministries have not spent the sum allotted to them, but this govt has improved on this aspect in the two middle years of its tenureIn FY13 and FY14, 77% and 73% ministries, respectively, underutilized their funds by above 5%
2 min read31 Jan 2019India risks missing budget gap target for fiscal year, data shows
The data showed the fiscal deficit in the April-November period stood at Rs7.17 trillion, or 114.8% of the budgeted target for the fiscal year that ends in March
1 min read28 Dec 2018Govt seeks Parliament nod for extra spending of ₹15,000 crore
The second batch of Supplementary Demand for Grants for 2018-19 involving a gross spending of ₹85,948.86 crore was tabled by finance minister Arun Jaitley in the Lok Sabha today
1 min read20 Dec 2018Opinion | Time for the government to reassess its position
A one-time transfer from the RBI will not structurally change the fiscal position and is unlikely to impress investors or rating agencies
3 min read12 Nov 2018Opinion | Exploring a nation’s natural wealth
The reality is extraction technology improvements and substitution overcome scarcity of material
4 min read11 Oct 2018Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared