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Himachal raises Rs 1,000 cr loan for development, paying salaries
By Gaurav Bisht | Hindustan Times/Shimla, Shimla
UPDATED ON OCT 26, 2020 05:57 PM IST
The state has estimated a revenue loss of ₹32,000 crore over the past seven months due to the pandemic
LTC cash voucher scheme: All you need to know about it
By hindustantimes.com | Edited by Karan Manral | Hindustan Times, New Delhi
UPDATED ON OCT 12, 2020 02:34 PM IST
Finance minister Nirmala Sitharaman on Monday announced LTC cash voucher scheme and special festival advance scheme for government employees with an aim to increase consumer spending.
CAG report: HP fiscal deficit down by 9.2% in 2018-19
By Gaurav Bisht | Hindustan Times/Shimla, Shimla
UPDATED ON SEP 14, 2020 11:56 PM IST
Only 33% of the revenue receipts came from the state’s own resources comprising taxes and non-taxes; central transfers brought in the remaining 67%; state improves vis-a-vis share of capital expenditure to total expenditure
Ministries asked not to start new schemes this fiscal year
By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON JUN 06, 2020 12:04 AM IST
The aim is to use scarce resources prudently, according to a finance ministry order. A copy of the directive, issued on Thursday, was reviewed by Hindustan Times.
Clear all dues by Oct 15, government tells CPSEs
By Asit Ranjan Mishra | New Delhi
PUBLISHED ON SEP 29, 2019 12:51 AM IST
CPSEs have also been asked to build a portal by October 15 where delay in payments can be monitored on a regular basis, Sitharaman said after reviewing the capex plan of CPSEs.
Nirmala Sitharaman asks government departments to not sit on ‘overdue’ payments
By HT Correspondent | Hindustan Times, New Delhi
PUBLISHED ON SEP 27, 2019 06:37 PM IST
Finance minisyer Nirmala Sithraman also said that ministries have been asked to provide detailed capital expenditure plans for the next four quarters as the government looks to boost growth with spending push.
Icra revises outlook on auto components sector to negative from stable
By Press Trust of India | New Delhi
UPDATED ON SEP 18, 2019 04:49 PM IST
Large manufacturers, who have used their cashflows from the upcycle to develop a strong balance sheet and product capabilities, are expected to be more resilient to the current downturn, Icra said.
Navy may seek more funds to meet needs
By Rahul Singh | New Delhi
UPDATED ON SEP 18, 2019 08:57 AM IST
Capital expenditure of Rs 23,156 crore earmarked for navy in defence budget for 2019-20 isn’t sufficient to meet its requirements and the service plans to demand at least Rs 20,000 crore more to support its modernisation efforts.
5 months on, KCR slashes his state budget by 20 percent amid slowdown worries
By Srinivasa Rao Apparasu | Hindustan Times, Hyderabad
UPDATED ON SEP 09, 2019 09:12 PM IST
The Telangana Rashtra Samithi returned to power for a second successive term in December 2018, but the chief minister presented only a vote-on-account budget in February this year on the ground that there was no clarity on devolution of funds from the Centre in view of the Lok Sabha elections.
Five reasons to watch out for the June quarter GDP growth figures out today
By Asit Ranjan Mishra | livemint, Mumbai
UPDATED ON AUG 30, 2019 11:02 AM IST
Most analysts expect the GDP growth rate in June quarter to be less than 5.8% secured in the March quarter of 2018-19 which was a five year low.
How India’s policy framework fails the courage and spirit of the entrepreneur
By Mukul Kumar and Ritika Sinha
PUBLISHED ON JUL 31, 2019 08:01 PM IST
The State must address issues of credit, taxation, regulation, law and skills for small and medium firms
Govt says growth to rebound, but challenges still on horizon
By Rajeev Jayaswal | Hindustan Times, New Delhi
UPDATED ON JUL 05, 2019 12:10 AM IST
India will need to take up investments from the current level of 29.3% of GDP to 35% to achieve a sustained growth of 8%, Subramanian said, giving the example of China that took the level to 50%.
Modest defence budget hike may require tweaks in military’s shopping list
By Shishir Gupta | Hindustan Times, New Delhi
UPDATED ON JUL 02, 2019 06:17 AM IST
In the interim budget for 2019-20, announced on February 1, defence was allocated ₹319 trillion, a hike of 6.87% compared to the previous year. The budget will be presented on July 5.
Airtel says 5G spectrums ‘unaffordable’, urges Govt to reduce base price
By Press Trust of India | Mumbai
PUBLISHED ON MAY 31, 2019 09:28 PM IST
Vittal said the base prices recommended by the Telecom Regulatory Authority of India (Trai) places the radiowaves in the ballpark range of Rs 50,000-55,000 crore for 100 MHz of spectrum.
To deal with summers, discoms augmenting distribution infra
By Press Trust of India | New Delhi
PUBLISHED ON MAY 17, 2019 05:48 AM IST
Strengthening their networks, the BSES Yamuna Power Limited(BYPL) and the BSES Rajdhani Power Limited(BRPL) made capital expenditure of over Rs 800 crore in this regard, a BSES spokesperson said.
Telangana announces farm loan waiver of up to Rs 1 lakh
By Srinivasa Rao Apparasu | Hyderabad
UPDATED ON FEB 23, 2019 07:00 AM IST
Chief minister K Chandrasekhar Rao, who also holds finance portfolio unveiled the waiver, which he promised in his election campaign, in a vote-on-account he presented in the assembly..
Vodafone Idea in talks to sell mobile tower stake, optical fibre assets for Rs 20,000 crore
By Press Trust of India | New Delhi
UPDATED ON FEB 17, 2019 07:20 PM IST
The country’s largest telecom operator plans to use the funds for lowering its debt, which stood at Rs 1,23,660 crore at the end of 2018.
BMC 2019-20 budget focuses on infrastructure
By Eeshanpriya M S | Hindustan Times, Mumbai
UPDATED ON FEB 05, 2019 08:27 AM IST
No new projects, taxes, BMC allocates money to complete big-ticket projects, provide amenities
Correction
By Hindustan Times | New Delhi
UPDATED ON FEB 09, 2019 12:09 AM IST
Speed up financial sanctions for larger use: Yogi tells officers
By Umesh Raghuvanshi | Hindustan Times, Lucknow, Lucknow
PUBLISHED ON OCT 26, 2018 01:44 PM IST
Taking strong exception to the failure of 32 major departments in utilising a large chunk of funds in the first six months of the current financial year, chief minister Yogi Adityanath asked senior officers to expedite financial sanctions to step up the pace of development work, ahead of 2019 Lok Sabha elections.
Mid-term review: 32 major UP govt departments used only 31% budget in 6 months
By Umesh Raghuvanshi | Hindustan Times, Lucknow, Lucknow
PUBLISHED ON OCT 25, 2018 03:14 PM IST
A mid-term review has revealed that at least 32 state government departments have failed to use a major chunk of budgetary funds allocated to them to step up development works ahead of the 2019 Lok Sabha elections.
Devendra Fadnavis asks for Rs 81,000 crore even as finance commission says Maharashtra not spending enough on development
By Faisal Malik | Hindustan Times, Mumbai
UPDATED ON SEP 20, 2018 09:30 AM IST
The commission pointed out the growth rate of state’s revenue had fallen to 11.05% in 2014-17 from 17.69% from 2009-13
Mobilising funds a challenge for Yogi govt in Lok Sabha poll year
By Umesh Raghuvanshi | Hindustan Times, Lucknow, Lucknow
PUBLISHED ON SEP 08, 2018 06:20 PM IST
A major challenge of mobilising additional funds for major development works, and managing finances vis-à-vis the rising expenditure, stares the Yogi Adityanath government in the face ahead of the 2019 Lok Sabha elections.
Punjab cabinet sets the ball rolling for disinvestment of 3 PSUs
By HT Correspondent | Hindustan Times, Chandigarh, Chandigarh
UPDATED ON JUN 28, 2018 01:41 PM IST
Decision based on recommendations of Punjab Governance Reforms and Ethics Commission
India may cut expenditure to stick to 3.3% fiscal deficit: Moody’s
By Press Trust of India | Press Trust of India
PUBLISHED ON JUN 07, 2018 03:07 PM IST
Moody’s expects the government to meet its fiscal deficit target of 3.3% for 2018-19, based on its commitment to gradual fiscal consolidation and budget assumptions which appear achievable, it said in a statement.
Google’s new spending binge shows a company playing catch-up
By Mark Bergen | Bloomberg
UPDATED ON APR 24, 2018 05:54 PM IST
Google’s parent posted the strongest sales growth in almost four years on Monday, indicating marketers kept flocking to its services amid rising scrutiny of digital ads. But the company also spent at historic levels, nearly tripling capital expenditure for the quarter to $7.7 billion.
TERI report presents rosy picture of power franchisee system in Agra
By Brajendra K Parashar | Hindustan Times, Lucknow, Lucknow
PUBLISHED ON MAR 27, 2018 03:16 PM IST
Power employees and consumer bodies are up in arms against the state government’s decision to replicate the Agra model in five more cities.
