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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.
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.
Updated on Jul 25, 2024 08:38 AM IST
HT Correspondent, 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.
Updated on Jul 24, 2024 09:07 AM IST
HT News Desk | Edited by Mallika Soni
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
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.
Published on Jul 23, 2024 05:52 PM IST
Rahul 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.
Updated on Jul 23, 2024 09:07 AM IST
HT News Desk | Edited by Abhyjith K. Ashokan
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.
Updated on Jul 22, 2024 05:55 AM IST
HT Correspondent, 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.
Updated on Jul 18, 2024 11:45 AM IST
HT News Desk | Edited by Mallika Soni
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.
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
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.
Updated on May 25, 2024 07:52 AM IST
Navneet Sharma, 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.
Updated on Mar 25, 2024 01:59 AM IST
Rajeev 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.
Updated on Mar 03, 2024 06:54 AM IST
Navneet Sharma, 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
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.
Updated on Feb 24, 2024 10:14 AM IST
Hitender Rao, 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.
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
Published on Feb 20, 2024 11:38 AM IST
HT Correspondent, Shimla
Unveiling a resilient blueprint for India's growth
This article is authored by Anil Agrawal, Member of Parliament, Rajya Sabha.
Published on Feb 10, 2024 12:06 PM IST
Hindustan 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
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.
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.
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.
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.
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.
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
Updated on Dec 26, 2023 08:30 AM IST
Rajeev 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.
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
Updated on Dec 05, 2023 02:29 AM IST
Rajeev 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.
Updated on Nov 22, 2023 08:06 AM IST
Rajeev 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
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
Published on Oct 12, 2023 06:56 PM IST