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India's fiscal deficit at 4.36 lakh crore- 27% of full-year target

India's fiscal deficit for April-August reached 4.35 trillion rupees, accounting for 27% of the annual estimate.

India's fiscal deficit from April to August was 4.35 trillion rupees, 27% of the annual goal. Net tax receipts totaled 8.74 trillion rupees, with government spending at 16.52 trillion rupees, both impacted by the general elections.
Published on Sep 30, 2024 04:27 PM IST
Reuters |

Finance commission meet: Punjab vows to reduce debt, increase capex

Punjab finance and taxation minister Harpal Singh Cheema says the state has committed to reducing the debt- GSDP ratio of Punjab by a minimum of 1% every year during the award period (2026-27 to 2030-31) of the finance commission.

Punjab finance and taxation minister Harpal Singh Cheema.
Updated on Jul 25, 2024 08:38 AM IST
By, Chandigarh

Budget 2024: These are the winners and losers of ‘vulnerable’ stock market

Budget 2024: A small hike in capital gains tax was not material while direct incentives for employment was a big measure, it said.

Stock market today: A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai.(Reuters)
Updated on Jul 24, 2024 09:07 AM IST
By | Edited by

How does the Union Budget impact growth?

The budget has continued with its focus on capital expenditure which can boost the economy’s long-term prospects

Union finance minister Nirmala Sitharaman. (HT/Arvind Yadav)
Updated on Jul 24, 2024 07:55 AM IST

Budget 2024: Centre allocates 6.22 lakh crore for defence in ‘Atmanirbhar’ push

The defence budget accounts for 12.9% of the total government budget and 1.9% of the country’s projected GDP for 2024-25.

Defence minister Rajnath Singh in Parliament on Tuesday. (ANI Photo)
Published on Jul 23, 2024 05:52 PM IST
ByRahul Singh

‘Service’ and ‘growth’ are most used words in the Economic Survey

The Economic Survey 2024 showed India's GDP may grow between 6.5-7% this year and retail inflation declined to 5.4% during 2023-24, compared to 6.7% previously.

Union finance minister Nirmala Sitharaman tabled the Economic Survey in Parliament on Monday. (PTI)
Updated on Jul 23, 2024 09:07 AM IST

More acrimony likely as Parliament opens

Monsoon session of Parliament starts with Nirmala Sitharaman set to table Union Budget. Opposition to raise issues on exams, price rise, unemployment.

Union defence minister Rajnath Singh, Congress leader Jairam Ramesh during the all-party meeting ahead of the Budget session of Parliament on Sunday. (HT Photo)
Updated on Jul 22, 2024 05:55 AM IST
By, New Delhi

Budget 2024: These stocks may gain from Nirmala Sitharaman's announcements

As key themes of the Budget are awaited, investors are watching different sectors which can benefit from Nirmala Sitharaman's announcements.

The Union budget 2024 is scheduled to be presented on July 23 by finance minister Nirmala Sitharaman, who will become the first finance minister to present seven consecutive Union budgets in a row, surpassing Morarji Desai, who presented six consecutive budgets.
Updated on Jul 18, 2024 11:45 AM IST
By | Edited by

India's infrastructure investments to grow 15.3% in next 5 years: Morgan Stanley

India's infrastructure spending growth can lead to more profits by increased capex, enhanced macroeconomic stability, improved productivity, & sustained growth.

Representational (Pixabay)
Published on Jun 23, 2024 06:44 PM IST
ANI |

BMC publishes first ever climate budget report with 10k crore provision

BMC releases its first Climate Budget Report for 2024-25, allocating 32.18% of ₹31,774.59 crore to climate issues, aiming to tackle climate change challenges

Brihanmumbai Municipal Corporation headquarters in Mumbai. (Photo by Raju Shinde/HT Photo)
Updated on Jun 06, 2024 08:43 AM IST

Punjab government misses 2023-24 capex target by 53%

Punjab government missed its capital expenditure target by 53% in FY 2023-24, facing challenges in meeting revised goals due to pending central funds.

Against a capital expenditure of <span class='webrupee'>₹</span>10,354 crore proposed in budget estimates (BE), the state government spent only <span class='webrupee'>₹</span>4,862 crore during the financial year, leaving a gap of <span class='webrupee'>₹</span>5,492 crore, according to the latest data on key economic indicators
Updated on May 25, 2024 07:52 AM IST
By, Chandigarh

Centre disbursed 90% capital expenditure funds to states by Feb: Officials

As on February 29, Centre released more than ₹95,226 crore under the scheme to nudge states into making capital investments with extremely positive response.

Union Finance Minister Nirmala Sitharaman(Savitha)
Updated on Mar 25, 2024 01:59 AM IST
ByRajeev Jayaswal, New Delhi

Punjab government likely to miss capex target, only 32% achieved so far

Against a full-year capex of ₹10,354 crore envisaged in the budget, the state has spent ₹3,390 crore during the April-January period of the current fiscal, according to data on key economic indicators released recently. The capital expenditure incurred so far is 32.77% of the budgeted amount for FY24.

A finance department official said that capex numbers will look much better by the end of the fiscal though they may still fall short of the target envisaged in the budget
Updated on Mar 03, 2024 06:54 AM IST
By, Chandigarh

Monthly household consumer spending more than doubled in last 10 yrs: Report

NSSO, under Ministry of Statistics and Programme Implementation, conducted Household Consumption Expenditure Survey (HCES) during August 2022 to July 2023

The survey aims at generating estimates of household Monthly Per Capita Consumption Expenditure (MPCE) and its distribution separately for the rural and urban sectors of the country(AFP)
Published on Feb 25, 2024 01:09 PM IST
PTI |

Haryana capex registered a decrease of 4,017 crore in current fiscal

In 2022-23, the state's capital expenditure decreased by ₹7,697 crore despite Khattar proposing a 17% increase for asset creation.

Haryana Chief Minister Manohar Lal Khattar presenting budget during the Budget Session at Haryana Vidhan Sabha in Chandigarh on Friday. (Keshav Singh/ HT)
Updated on Feb 24, 2024 10:14 AM IST
By, Chandigarh

RBI Bulletin: Indian economy continues to sustain momentum of first half of FY24

The Indian economy continues to sustain the momentum achieved in the first half of 2023-24, going by high frequency indicators, it said.

A security official walks past an emblem of the Reserve Bank of India at the RBI headquarters, in Mumbai.(PTI)
Published on Feb 21, 2024 08:15 AM IST
PTI |

Jai Ram trains gun at Himachal government over unemployment, unkept promises

Jai Ram Thakur, the leader of Opposition in Himachal assembly, also scrutinised the government’s excise policy, noting a significant shortfall in revenue compared to projections

Leader of Opposition Jai Ram Thakur and other BJP legislators arriving at the Himachal Vidhan Sabha for the budget session. (Deepak Sansta/HT)
Published on Feb 20, 2024 11:38 AM IST
By, Shimla

Unveiling a resilient blueprint for India's growth

This article is authored by Anil Agrawal, Member of Parliament, Rajya Sabha.

Union finance minister Nirmala Sitharaman speaks in the Lok Sabha during the Budget Session of Parliament on Friday. (ANI)
Published on Feb 10, 2024 12:06 PM IST
ByHindustan Times

Chhattisgarh has set target to double state GDP in 5 years: FM Choudhary

Chhattisgarh has set target to double state GDP in 5 years: FM Choudhary

HT Image
Published on Feb 10, 2024 11:28 AM IST
PTI |

BMC budget 46 cr shy of 60k cr mark

The Brihanmumbai Municipal Corporation (BMC) in Mumbai has announced a budget of ₹59,954.75 crore for 2024-25, just ₹46 crore short of the ₹60,000-crore mark. The allocation is 10.5% higher than the previous year, but no new projects were announced and little provision was made to address air pollution. The capital expenditure in this year's budget is higher than the revenue expenditure, with 53% going towards development. The budget includes allocations for the coastal road, the Goregaon Mulund Link Road, and a study on making major infrastructure projects self-sustainable.

HT Image
Updated on Feb 03, 2024 08:32 AM IST

Viksit Bharat vs Garib Kalyan, a balancing act

Garib Kalyan today remains aligned to political opportunism rather than a robust substantive welfare commitment.

People watch the live telecast of the interim budget 2024 by Union finance minister Nirmala Sitharaman, at a showroom in Gurugram, on Thursday. (ANI)
Published on Feb 01, 2024 10:23 PM IST

Budget 2024 | 10 announcements for common man in Nirmala Sitharaman's speech

Interim Budget 2024: Nirmala Sitharaman proposed no changes in income tax rates for individuals and corporates, as well as customs duty.

People watch the live telecast of the interim budget 2024 by Union finance minister Nirmala Sitharaman, at a showroom in Gurugram, on Thursday. (ANI)
Updated on Feb 01, 2024 08:29 PM IST

Ex-FICCI chairman surprised by fiscal deficit target: ‘Don't know on what basis’

India will reduce its budget gap sharply in 2024-25 to 5.1% of gross domestic product (GDP), Finance Minister Nirmala Sitharaman told parliament.

Former FICCI president Naina Lal Kidwai.(HT Photo)
Published on Feb 01, 2024 04:12 PM IST

Centre to lower fiscal deficit despite capex boost in Budget 2024: Survey

Union Budget 2024 expected to strike balance between populism and fiscal prudence, finds the survey.

FILE: People watch the Union Budget being presented by Finance Minister Nirmala Sitharaman in the Parliament. (HT PHOTO)
Published on Jan 20, 2024 02:34 PM IST

UP largest beneficiary of special aid to states for capital expenditure

The scheme offers 50-year, interest-free loans to states in addition to their usual annual borrowing limits

New Delhi, Mar 24 (ANI): Union Finance Minister Nirmala Sitharaman speaks in Lok Sabha during the second phase of the Budget Session of the Parliament, in New Delhi on Friday. (ANI Photo/Sansad TV) (ANI)
Updated on Dec 26, 2023 08:30 AM IST
ByRajeev Jayaswal

Awfis Space Solutions files IPO papers with Sebi

Proposed IPO comprises a fresh issue of up to ₹160 crore and an Offer for Sale (OFS) of 1 crore equity shares.

Awfis offers a comprehensive range of flexible workspace solutions, catering to diverse needs, from individual flexible desk requirements to customised office spaces for startups, SMEs, and large corporations. (File)
Published on Dec 22, 2023 09:37 PM IST
PTI |

Interest-free loans to states may be extended

Government may extend interest-free loan for 50 years to states in upcoming budget

HT Image
Updated on Dec 05, 2023 02:29 AM IST
ByRajeev Jayaswal

Indian economy is resilient amid global slowdown: Sitharaman

The Indian economy is “remarkably resilient” amid a global slowdown because of “solid” domestic demand, moderate inflation, sustained capital expenditure and continued buoyancy in revenue collections, the finance ministry said in its monthly review on Tuesday.

Union finance minister Nirmala Sitharaman. (ANI)
Updated on Nov 22, 2023 08:06 AM IST
ByRajeev Jayaswal, New Delhi

Punjab governor fires another missive, questions AAP govt’s fiscal management

In a two-page letter, governor Banwarilal Purohit has asked chief minister Bhagwant Mann to explain additional borrowing and utilisation for purposes other than creation of capital assets along with accurate data, pointing to variation in feedback from CAG and figures given by the CM

Chief minister Bhagwant Mann and governor Banwarilal Purohit have had frequent run-ins on a number of issues, including summoning of special sessions, appointments to various institutions, adherence to legal procedures, over the past one year, and this exchange of letters over Punjab’s fiscal management is only the latest flashpoint. (HT file photo)
Published on Oct 17, 2023 03:13 PM IST

UP surpasses capex target, set to get 2nd tranche of central loan

Besides ensuring 51% capital expenditure, the state government also ensured that 75% of the amount is spent on identified projects of five departments

The government proposes to spend all the funds earmarked for capital expenditure by the end of 2023-2024, and this is bound to take up the total capital spendings in the current financial year. (Pic for representation)
Published on Oct 12, 2023 06:56 PM IST
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