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Russia`s budget deficit hits $28 billion Russia's federal budget deficit for the first half of this year stood at 2.59 trillion rubles ($28 billion ), the Ministry of Finance announces. According to preliminary estimates released by the Ministry, revenues of the Russian budget in the first six months of 2023 amounted to 12.38 trillion rubles, down by 12 per cent year on year, reports Xinhua news agency. Government spending in the January-June period was 14.97 trillion rubles, up by 19 per cent on a year-on-year basis. N...
Russia`s budget deficit hits $28 billion
Russia`s budget deficit hits $28 billion
Source: IANS
8/07/2023 11:41:33 AM
Karnataka Chief Minister Siddaramaiah presents Rs 3.27 lakh crore budget Karnataka Chief Minister Siddaramaiah has presented the budget for the financial year 2023-24, with an outlay of over Rs 3.27 lakh crore.  While presenting the budget, CM Siddaramaiah said that approximately, Rs 52,000 crore will be spent annually to fulfill the five guarantees.  The government has aimed at collection of Rs 11,500 crore of taxes. The excise duty has been hiked by 20 per cent on liquor and 10 per cent on beer.  It has been announced in the budget that t...
Karnataka Chief Minister Siddaramaiah presents Rs 3.27 lakh crore budget
Karnataka Chief Minister Siddaramaiah presents Rs 3.27 lakh crore budget
Source: IANS
8/07/2023 9:13:05 AM
Budget session of Karnataka Assembly gets underway  The budget session of Karnataka Legislative Assembly commenced on Monday with Governor Thaawarchand Gehlot addressing joint session of both the houses. The session is likely to be chaotic as the ruling Congress government and opposition BJP are already at the loggerheads over various issues. After a humiliating defeat, the BJP wants to get momentum against Congress. On the other hand, Congress is launching attacks on the central government over denial of sale of rice to the state ...
Budget session of Karnataka Assembly gets underway
Budget session of Karnataka Assembly gets underway
Source: IANS
3/07/2023 3:05:33 PM
`Indian corporate sector begins to contribute to growth of gross fixed capital formation' The corporate sector has begun contributing to the growth of gross fixed capital formation (GFCF) in FY23, said ICICI Securities Ltd in a report. Post-pandemic economic recovery was largely driven by growth in GFCF. It grew 25.6 per cent year-on-year (YoY) during FY22 to reach Rs 67.9 trillion in nominal terms. The growth in FY22 was largely driven by household investments into real estate and central government push towards infrastructure capex while state governments and corporates lagge...
`Indian corporate sector begins to contribute to growth of gross fixed capital formation'
`Indian corporate sector begins to contribute to growth of gross fixed capital formation'
Source: IANS
19/06/2023 2:35:16 PM
New Zealand budget to focus on cost-of-living support, economy: PM  New Zealand Prime Minister Chris Hipkins said on Thursday that the budget to be announced next month will focus on cost-of-living support, cyclone recovery, and investments in skills, science and technology, and infrastructure to propel economic growth. In a pre-budget speech in Auckland, Hipkins said the government has ruled out a specific cyclone levy in the upcoming Budget to pay for the recovery from the Auckland floods and Cyclone Gabrielle in the first two months of the year, w...
New Zealand budget to focus on cost-of-living support, economy: PM
New Zealand budget to focus on cost-of-living support, economy: PM
Source: IANS
27/04/2023 4:37:34 PM
Canada`s 2023 budget projects higher deficits, shallow recession The Canadian government has unveiled its 2023 federal budget with higher deficits, as economists expected a shallow recession in 2023. The budget, titled "A Made-in-Canada Plan", showed that the federal deficit is projected to be C$43 billion ($32 billion) this fiscal year and C$40.1 billion in fiscal year 2023-2024, reports Xinhua news agency. The cumulative budget deficits are billions of dollars higher between fiscal year 2022-2023 and 2027-2028, relative to the 2022 Fall E...
Canada`s 2023 budget projects higher deficits, shallow recession
Canada`s 2023 budget projects higher deficits, shallow recession
Source: IANS
29/03/2023 2:00:55 PM
Cabinet approves MSP for raw jute for 2023-24 season The Cabinet Committee on Economic Affairs on Friday has given its approval for the Minimum Support Price (MSP) for raw jute for 2023-24 season, based on recommendations of the Commission for Agricultural Costs and Prices (CACP). The MSP of raw jute (TD-3 equivalent to earlier TD-5 grade) has been fixed at Rs 5,050 per quintal for 2023-24 season. This would ensure a return of 63.20 per cent over the all India weighted average cost of production. The announced MSP of raw jute for 2023-24 ...
Cabinet approves MSP for raw jute for 2023-24 season
Cabinet approves MSP for raw jute for 2023-24 season
Source: IANS
25/03/2023 10:18:01 AM
Meghalaya Chief Minister Conrad Sangma presents deficit budget of Rs 1,592cr Meghalaya Chief Minister Conrad Sangma, who also holds the Finance portfolio, on Thursday presented a deficit budget of Rs 1,592 crore for the fiscal year 2023-24 This deficit amount is almost 3.42 per cent of the gross state domestic product (GSDP). Though the opposition criticised the high deficit amount in the budget, the Chief Minister termed it as a 'people's budget'. He said: "I am happy to announce that the estimated capital outlay for 2023-24 is 14 per cent h...
Meghalaya Chief Minister Conrad Sangma presents deficit budget of Rs 1,592cr
Meghalaya Chief Minister Conrad Sangma presents deficit budget of Rs 1,592cr
Source: IANS
24/03/2023 9:20:24 AM
Finance Minister Nirmala Sitharaman to meet public sector banks chiefs on March 25 Amid the failure of banks in the US and the liquidity crisis being faced by Credit Suisse, Finance Minister Nirmala Sitharaman is expected to meet chiefs of public sector banks on March 25. This would be the first meeting of the Finance Minister with banks' chiefs after the presentation of the budget, where, according to sources, the discussion is likely to be on the areas highlighted by the budget. Sitharaman is also likely to review the credit flow to key sectors like agriculture,...
Finance Minister Nirmala Sitharaman to meet public sector banks chiefs on March 25
Finance Minister Nirmala Sitharaman to meet public sector banks chiefs on March 25
Source: IANS
23/03/2023 4:43:59 PM
Government to seek Parliament's approval for union budget today Amid continued disruptions in proceedings of both houses of Parliament with both ruling BJP and opposition Congress refusing to climb down from their positions, the government will try to get the budget passed in Parliament on Thursday. While the Congress is seeking a joint parliamentary committee probe in the Adani matter, the BJP has disrupted proceedings, seeking Congress MP Rahul Gandhi's apology over his remarks on democracy in London. On Wednesday, the government had got the b...
Government to seek Parliament's approval for union budget today
Government to seek Parliament's approval for union budget today
Source: IANS
23/03/2023 11:40:09 AM
Delhi government presents Rs 78,800 cr budget, earmarks Rs 16,575 cr for education  Delhi Finance Minister Kailash Gahlot on Wednesday presented a Rs 78,800 crore budget in the Assembly for the financial year 2023-24. It was the first budget for Kailash Gahlot, and ninth consecutive budget for the ruling Aam Aadmi Party (AAP). Out of the total proposed outlay, the Delhi government has earmarked Rs 16,575 crore for education in the financial year 2023-24. The Finance Minister said that 350 Delhi government schools will get 20 computers each and all teachers, pr...
Delhi government presents Rs 78,800 cr budget, earmarks Rs 16,575 cr for education
Delhi government presents Rs 78,800 cr budget, earmarks Rs 16,575 cr for education
Source: IANS
22/03/2023 2:42:01 PM
Would have been happier if Manish Sisodia had presented budget: Delhi Finance Minister Kailash Gahlot  A day after the Union ministry of home affairs approved the budget for the national capital city, Delhi Finance Minister Kailash Gahlot presented it in the Assembly on Wednesday. While presenting the budget in the House, Gahlot said, "I would have been happier if Manish Sisodia had presented the budget. He is my elder brother. I am sure the best wishes of children all over the world are with Manish Sisodia. This is the ninth budget of the Delhi government and the first budget fo...
Would have been happier if Manish Sisodia had presented budget: Delhi Finance Minister Kailash Gahlot
Would have been happier if Manish Sisodia had presented budget: Delhi Finance Minister Kailash Gahlot
Source: IANS
22/03/2023 12:29:15 PM
Tamil Nadu close FY24 with a debt of Rs 7.26 tn, to borrow Rs 1.43 tn  The Tamil Nadu government plans to borrow Rs 1,43,197.93 crore next fiscal, as per the Medium Term Fiscal Plan (MTFP) presented by the state's Finance Minister Palanivel Thiaga Rajan along with the FY24 budget. As per the MTFP, the state government plans to borrow the amount during 2023-24 and make a repayment of Rs 51,331.79 crore. "As a result, the outstanding debt as on March 31, 2024 will be Rs 7,26,028.83 crore. This constitutes 25.63 per cent of GSDP (gross state do...
Tamil Nadu close FY24 with a debt of Rs 7.26 tn, to borrow Rs 1.43 tn
Tamil Nadu close FY24 with a debt of Rs 7.26 tn, to borrow Rs 1.43 tn
Source: IANS
20/03/2023 3:14:41 PM
Tamil Nadu government to have Coimbatore, Madurai on metro rail map at Rs 17,500 cr The Tamil Nadu government has decided to put Coimbatore and Madurai on the metro rail map at an outlay of Rs 17,500 crore funded by external agencies, said Finance Minister Palanivel Thiaga Rajan on Monday. Presenting the state budget for 2023-24 in the Assembly, he also said a sum of Rs 10,000 crore has been allotted towards the Chennai Metro Rail Project in the budget. Rajan said Coimbatore, also known as the 'Manchester of South India', is one of the fastest growing tier-2 ci...
Tamil Nadu government to have Coimbatore, Madurai on metro rail map at Rs 17,500 cr
Tamil Nadu government to have Coimbatore, Madurai on metro rail map at Rs 17,500 cr
Source: IANS
20/03/2023 1:27:26 PM
Biden's $6.8 tn Budget faces hurdles in Congress as it proposes higher taxes on big biz  US President Joe Biden's $6.8 trillion budget is unlikely to pass muster in the Republican-dominated House of Representatives as it proposes higher taxes on big businesses and the rich and elite, even as the Republicans are gridlocked with Democrats on the debt ceiling issue and are demanding spending cuts. Biden has asked the Congress for funds worth trillions in new spending that's unlikely to go through the Republican house even as he seeks to reduce deficits by raising ta...
Biden's $6.8 tn Budget faces hurdles in Congress as it proposes higher taxes on big biz
Biden's $6.8 tn Budget faces hurdles in Congress as it proposes higher taxes on big biz
Source: IANS
19/03/2023 9:17:47 AM
Eyeing to develop as 'green state', Himachal budget focuses on rural economy, job creation In the first budget after the election, the Congress government in Himachal Pradesh led by Chief Minister Sukhvinder Sukhu on Friday presented a budget of Rs 53,413 crore for 2023-24 with the focus on tapping renewable energy, strengthening state's mainstay agriculture and horticulture sectors, women's empowerment and, with a promise to create 90,000 jobs. In the populist but deficit budget, Thakur, who holds the finance portfolio, announced no new taxes. "This is the first-...
Eyeing to develop as 'green state', Himachal budget focuses on rural economy, job creation
Eyeing to develop as 'green state', Himachal budget focuses on rural economy, job creation
Source: IANS
17/03/2023 4:18:24 PM
77% of Indian businesses expect to increase their travel budget in 2023: American Express Survey With business travel across domestic and international markets showing a rebound post pandemic, majority of Indian businesses (67 per cent) expect a rise in business travel in 2023 and 77 per cent of businesses are expecting to increase their travel budget in 2023 as compared to 2022. These findings were revealed in the business travel and entertainment (T&E) survey report titled 'Revival of business travel: An India perspective' commissioned by American Express, India with the...
77% of Indian businesses expect to increase their travel budget in 2023: American Express Survey
77% of Indian businesses expect to increase their travel budget in 2023: American Express Survey
Source: IANS
16/03/2023 5:32:55 PM
Lucknow University to revive distance learning courses to meet budget deficit The Lucknow University (LU) plans to revive its distance learning courses almost after over two decades and will also offer full-time online degree courses. The decision has been taken to meet a deficit of Rs 132.70 crore in its annual budget. The finance committee approved the university's annual budget for 2023-24 during a meeting held on Wednesday. As per the budget approved by the committee, LU's estimated revenue is Rs 223.32 crore, far short of the Rs 356.02 crore expen...
Lucknow University to revive distance learning courses to meet budget deficit
Lucknow University to revive distance learning courses to meet budget deficit
Source: IANS
16/03/2023 1:54:40 PM
Andhra presents Rs 2.79 lakh cr budget for 2023-24 Andhra Pradesh finance Minister Buggana Rajendranath on Thursday presented the annual budget for the financial 2023-24 with an outlay of Rs 2,79,279 crore. The outlay has gone up by about 9 per cent over the previous year. The budget size for 2022-23 was Rs 2,56,256 crore. The revenue expenditure is Rs 2,28,540 crore while revenue expenditure is pegged at Rs 31,061 crore. The revenue deficit is Rs 22,316 crore while fiscal deficit is Rs 54,587 crore. Welfare remained the focus of the...
Andhra presents Rs 2.79 lakh cr budget for 2023-24
Andhra presents Rs 2.79 lakh cr budget for 2023-24
Source: IANS
16/03/2023 1:50:30 PM
India government unlikely to roll back tax plan on high-value life insurance The Indian government is unlikely to make changes to its budget proposal of taxing the total returns on high-value life insurance policies, two government officials said on Wednesday, amid demands by insurance companies to reconsider the move. The government, presenting the 2023/24 budget on Feb. 1, said it would scrap the tax exemption on the total returns upon maturity of life insurance policies if their aggregate premium exceeded 500,000 rupees ($6,103). The move, which will come int...
India government unlikely to roll back tax plan on high-value life insurance
India government unlikely to roll back tax plan on high-value life insurance
Source: Reuters
15/03/2023 11:37:52 AM
Centre to seek Parliament`s approval for 2nd batch of supplementary demands for grants The Centre on Tuesday will seek Parliament's approval for the second batch of supplementary demands for grants (2022-23). Through the demands for grants, the government plans to spend an additional Rs 1,48,133 crore for the remaining period of the current fiscal. The Lok Sabha will also take up for discussion and voting the supplementary demands for grants for the union territory of Jammu and Kashmir for 2023-24. The lower house will also take up for discussion and voting the sup...
Centre to seek Parliament`s approval for 2nd batch of supplementary demands for grants
Centre to seek Parliament`s approval for 2nd batch of supplementary demands for grants
Source: IANS
14/03/2023 9:01:59 AM
FM to table supplementary grant for Jammu and Kashmir in RS Finance Minister Nirmala Sitharaman will present Supplementary Demands for Grants in respect of Union Territory of Jammu and Kashmir for 2022-23 in Rajya Sabha on Monday as Parliament will resume for the second part of the budget session. Tribal Affair Minister Arjun Munda will move The Constitution (Scheduled Tribes) Order (Fifth Amendment) Bill, 2022, for inclusion of certain communities in the list of Scheduled Tribes in relation to the State of Chhattisgarh and The Constitution (Schedu...
FM to table supplementary grant for Jammu and Kashmir in RS
FM to table supplementary grant for Jammu and Kashmir in RS
Source: IANS
13/03/2023 9:34:20 AM
Budget session to resume on Monday The Budget session of Parliament will resume from Monday and the opposition is preparing to corner the central government on various issues, including Hindenburg report on Adani, inflation and hike in petroleum product prices and growing unemployment. According to reports, 35 bills are pending in both the Houses. The issue of Rahul Gandhi's statement in the UK will also be a point of clash between the opposition and Centre. The Chairman of the Rajya Sabha has already hit out on the ...
Budget session to resume on Monday
Budget session to resume on Monday
Source: IANS
12/03/2023 9:44:49 AM
Budget roadmap for new, progressive, prosperous Punjab: Bhagwant Mann Hailing the Budget 2023-24 presented by Punjab Finance Minister Harpal Cheema as 'Aam Lokaan Da Budget', Chief Minister Bhagwant Mann on Friday described it as the roadmap for a "new, progressive and prosperous Punjab". In a statement, the Chief Minister said it is a matter of pride and satisfaction that this tax-free budget has been presented exactly a year after his government assumed charge of office. He said this maiden full budget of his government is aimed at giv...
Budget roadmap for new, progressive, prosperous Punjab: Bhagwant Mann
Budget roadmap for new, progressive, prosperous Punjab: Bhagwant Mann
Source: IANS
11/03/2023 9:59:36 AM
Maharashtra to celebrate 350th anniversary of Chhatrapati Shivaji Maharaj`s coronation in June The Maharashtra government will celebrate the upcoming 350th anniversary of the Coronation of Chhatrapati Shivaji Maharaj in a big way with an outlay of Rs 350 crore, besides setting up a museum dedicated to him in Pune. Deputy Chief Minister and Finance Minister Devendra Fadnavis announced the plans during his budget 2023-2024 speech, for the weeklong 'Shiv Rajyabhishek Mahotsav' celebrations starting from June 2. The founder of Hindavi Swarajya, the Maratha warrior ascended th...
Maharashtra to celebrate 350th anniversary of Chhatrapati Shivaji Maharaj`s coronation in June
Maharashtra to celebrate 350th anniversary of Chhatrapati Shivaji Maharaj`s coronation in June
Source: IANS
10/03/2023 4:42:06 PM
Budget to give new momentum to women-led development: Prime Minister Prime Minister Narendra Modi on Friday said that this year's budget will give a new momentum to the efforts of women-led development. Addressing a post-budget webinar on "Economic Empowerment of Women", he said that the "country is seeing this year's budget as an auspicious beginning for achieving the target of a developed nation by 2047". "The results of efforts for women empowerment are visible and we are feeling a revolutionary change in the social li...
Budget to give new momentum to women-led development: Prime Minister
Budget to give new momentum to women-led development: Prime Minister
Source: IANS
10/03/2023 11:55:15 AM
Maharashtra plans mega boost to infra projects for all-round progress Maharashtra has announced a boost to various big and small infrastructure projects including a web of Metro Rail network for the Mumbai Metropolitan Region (MMR), Deputy Chief Minister and Finance Minister Devendra Fadnavis said, tabling the state Budget 2023-2024. Putting the state onto the national $5 trillion economy ambition with a contribution of $1 trillion, and boosting the state share from 14.2 per cent to 20 per cent in the national GDP, Fadnavis announced major infrastructure dev...
Maharashtra plans mega boost to infra projects for all-round progress
Maharashtra plans mega boost to infra projects for all-round progress
Source: IANS
10/03/2023 9:18:56 AM
Maharashtra plans big benefits to girl child; focus on health, financial security of women Maharashtra will implement a string of measures for the health, financial security of the girl child and women, and others, said Deputy Chief Minister and Finance Minister Devendra Fadnavis tabling the state Budget 2023-2024, here on Thursday. In the 'Lek Ladki' scheme, a girl born to a family holding yellow or orange ration cards will get grants at birth, in school Std. I, VI and XI, and Rs 75,000 on attaining the age of 18. Women will be given 50 per cent discount on ST bus ti...
Maharashtra plans big benefits to girl child; focus on health, financial security of women
Maharashtra plans big benefits to girl child; focus on health, financial security of women
Source: IANS
10/03/2023 9:12:19 AM
Maharashtra proposes Rs 547,450 cr budget with huge fiscal, revenue deficits Maharashtra's Deputy Chief Minister Devendra Fadnavis, who also holds the finance portfolio, presented a Rs 547,450 crore budget for 2023-2024 showing huge fiscal and revenue deficits, here on Thursday. As per the budget estimates, the state plans to spend Rs 547,450 crore with an estimated revenue receipts of Rs 449,522 crore over a revenue expenditure of Rs 465,645 crore, resulting in a revenue shortfall of Rs 16,211 crore - down from Rs 24,353 crore over 2022-2023. The state rema...
Maharashtra proposes Rs 547,450 cr budget with huge fiscal, revenue deficits
Maharashtra proposes Rs 547,450 cr budget with huge fiscal, revenue deficits
Source: IANS
9/03/2023 6:02:47 PM
Finance Ministry holds webinar for better implementation of various budget proposals As part of a post-Budget Webinar, the Finance Ministry has hosted virtual discussions on the six chosen subjects following an address by Prime Minister Narendra Modi. The Prime Minister urged India Inc to increase investment in tandem with the government's decision to raise capital expenditure (capex) and take advantage of the opportunities unveiled in the Budget 2023-24. The webinar had six breakout sessions on various themes, including creating growth opportunities in GIFT Internatio...
Finance Ministry holds webinar for better implementation of various budget proposals
Finance Ministry holds webinar for better implementation of various budget proposals
Source: Accord Fintech
9/03/2023 11:11:36 AM
State budget will be realistic and futuristic: Goa Chief Minister Goa Chief Minister Pramod Sawant on Wednesday said that this year's budget will be realistic and futuristic, which will focus on areas like education, healthcare, sanitation, tribal welfare and other areas. Sawant was speaking to reporters after chairing pre-budget orientation meeting for financial year 2023-24. Secretaries of departments, HoDs and other officials were present in the meeting. "My government has set the target of availing maximum benefit out of Centrally-sponsor...
State budget will be realistic and futuristic: Goa Chief Minister
State budget will be realistic and futuristic: Goa Chief Minister
Source: IANS
8/03/2023 5:54:39 PM
Chhattisgarh CM delivers 'Bharose Ka Budget' in election year In a desperate bid to retain power as the state goes to polls later this year, Chhattisgarh Chief Minister Bhupesh Baghel presented the final budget of his current regime on Monday amid much fanfare and thumping of desk by Congress legislators in the Assembly. Baghel made a series of announcements to woo every section of society including unemployed youths whom he has provisioned Rs 2500 per month as unemployment allowance. The total annual outlay for the fiscal 2023-24 has been kept at...
Chhattisgarh CM delivers 'Bharose Ka Budget' in election year
Chhattisgarh CM delivers 'Bharose Ka Budget' in election year
Source: IANS
7/03/2023 12:47:15 PM
Delhi Assembly session to begin from March 17, Kailash Gahlot to present budget on March 21 The budget session of the Delhi Assembly will convene on March 17 and will continue till March 23. The budget for the national capital city will be presented on March 21. Minister Kailash Gahlot will present the budget in the House after the former deputy Chief Minister and finance minister Manish Sisodia has been arrested in the liquor policy case. This is for the first time since 2015 that former deputy CM Sisodia will not be presenting the budget. After Manish Sisodia resigned fro...
Delhi Assembly session to begin from March 17, Kailash Gahlot to present budget on March 21
Delhi Assembly session to begin from March 17, Kailash Gahlot to present budget on March 21
Source: IANS
5/03/2023 5:50:07 PM
We have to improve our speed and move in top gear: Prime Minister  "Infrastructure development is the driving force of the country's economy", Prime Minister Narendra Modi said on Saturday while expressing confidence that India will emerge as a developed nation by 2047 by following this very path. "Now we have to improve our speed and move in top gear", he said. Noting that PM Gati Shakti Master Plan is a critical tool that integrates economic and infrastructural planning with development, the Prime Minister said, "Ga...
We have to improve our speed and move in top gear: Prime Minister
We have to improve our speed and move in top gear: Prime Minister
Source: IANS
4/03/2023 2:26:57 PM
Goa Government invites ideas to make Budget 'public-centric' Ahead of the Budget session, scheduled from March 27 to 31, Goa government has invited ideas and suggestions from industrialists, students, and the public for a "public centric" Budget. Chief Minister Pramod Sawant has appealed to people to send their suggestions in this regard. "People from the area of industries, students and common man can send their ideas and suggestions by March 15 to make it Public-Centric Budget. This will help us come up with new ideas," he said...
Goa Government invites ideas to make Budget 'public-centric'
Goa Government invites ideas to make Budget 'public-centric'
Source: IANS
4/03/2023 11:22:44 AM
Prime Minister Narendra Modi to address a post-Budget webinar on Saturday Prime Minister Narendra Modi will address the post-Budget webinar on 'Infrastructure and Investment - Improving Logistics Efficiency with PM Gati Shakti National Master Plan' on March 4 (Saturday), an official said on Friday. It is a part of 12 post-Budget webinars being organised by the Central government to seek ideas for implementation of the budgetary announcements. The Union Budget adopts seven priorities which complement each other and act as the 'Saptarishi' guidi...
Prime Minister Narendra Modi to address a post-Budget webinar on Saturday
Prime Minister Narendra Modi to address a post-Budget webinar on Saturday
Source: IANS
3/03/2023 5:19:47 PM
India`s April-Jan fiscal deficit touches 68% of full-year target India's fiscal deficit for the 10 months through January touched 11.91 trillion rupees ($144.19 billion), nearly 68% of annual estimates, government data showed on Tuesday. Net tax receipts rose to 16.89 trillion rupees while total expenditure was 31.68 trillion rupees, the data showed. India aims to end the current fiscal year with a budget deficit of 6.4%.
India`s April-Jan fiscal deficit touches 68% of full-year target
India`s April-Jan fiscal deficit touches 68% of full-year target
Source: Reuters
1/03/2023 9:11:45 AM
Prime Minister Narendra Modi to address post-budget webinar on ease of living using tech Prime Minister Narendra Modi on Tuesday will address a post-budget webinar on the theme 'Unleashing the Potential: Ease of living Using Technology' via video conferencing. The webinar will be led by the ministry of electronics and information technology (MeitY) and co-led by the department of promotion of industry and internal trade (DPIIT). It will involve discussions on the budget announcements pertaining to the theme and the specifics catering to MeitY, DPIIT, department of j...
Prime Minister Narendra Modi to address post-budget webinar on ease of living using tech
Prime Minister Narendra Modi to address post-budget webinar on ease of living using tech
Source: IANS
28/02/2023 9:14:45 AM
Mumbai: Buffalo milk price to shoot up by Rs 5/litre from March 1 Hitting the consumers hard, the Mumbai Milk Producers Association (MMPA) has announced a steep price hike of Rs 5/litre of buffalo milk in the city from March 1, an official said on Friday. MMPA President C.K. Singh said that the price of buffalo milk ? which is sold by over 3,000 retailers in the city - will be increased from Rs 80 per litre to Rs 85 per litre, and will remain in force till August 31. This is the second steep hike coming after September 2022, when buffalo milk price wa...
Mumbai: Buffalo milk price to shoot up by Rs 5/litre from March 1
Mumbai: Buffalo milk price to shoot up by Rs 5/litre from March 1
Source: IANS
25/02/2023 10:03:21 AM
Odisha Government presents Rs 2.30L cr budget for 2023-24 Odisha Finance Minister Niranjan Pujari on Friday presented the annual budget of Rs 2.30 lakh crore for the year 2023-24 in the state Assembly. The outlay is 15 per cent more than the full-fledged budget of 2022-23. Pujari said the programme budget has been increased by 35 times from Rs 3,538 crore in 2000-01 to Rs.1,25,000 crore in 2023-24 budget estimates. The allocation for the programme expenditure is about 54 per cent of the total budgetary outlay. Similarly, capital outlay has gon...
Odisha Government presents Rs 2.30L cr budget for 2023-24
Odisha Government presents Rs 2.30L cr budget for 2023-24
Source: ians
25/02/2023 9:26:00 AM
Haryana Budget: CM announced multiple schemes for development of Gurugram Multiple schemes were announced for Gurugram in Haryana Budget presented by Chief Minister Manohar Lal Khattar on Thursday. The Chief Minister while presenting the budget for the financial year 2023-24 said that the Gurugram Metro project has been approved by the Public Investment Board and the construction of Gurugram Metro will start this year as soon as the final approval of the Union Cabinet is received. Similarly, a proposal was also made to start new metro links for Gurugram city ...
Haryana Budget: CM announced multiple schemes for development of Gurugram
Haryana Budget: CM announced multiple schemes for development of Gurugram
Source: IANS
24/02/2023 2:10:43 PM
Haryana`s growth rate pegged at 7.1%: Chief Minister Manohar Lal Khattar Haryana Chief Minister Manohar Lal Khattar on Thursday in his Budget speech said the state's growth rate was estimated to be at 7.1 per cent. "This budget also reflects our commitment for the development of the state as per the Sustainable Development Goal (SDG) Vision -- 2030. Haryana contributes about 3.86 per cent to India's Gross Domestic Product (GDP), which is more than proportionate to its size or population. "It is a matter of pride for Haryana that the GSDP gr...
Haryana`s growth rate pegged at 7.1%: Chief Minister Manohar Lal Khattar
Haryana`s growth rate pegged at 7.1%: Chief Minister Manohar Lal Khattar
Source: IANS
24/02/2023 9:13:50 AM
Union budget accelerates green growth momentum, says Prime Minister Narendra Modi  Prime Minister Narendra Modi on Thursday said that the union budget for 2023-2024 accelerates the momentum for green growth. Addressing a post budget webinar on "green growth", Modi said, "Every budget of this government has been forwarding new-age reforms along with finding solutions to current challenges." "Green energy announcements in this budget lay the foundation stone and pave the way for future generations. This budget will play a key role in estab...
Union budget accelerates green growth momentum, says Prime Minister Narendra Modi
Union budget accelerates green growth momentum, says Prime Minister Narendra Modi
Source: IANS
23/02/2023 1:10:42 PM
Prime Minister Narendra Modi to address 12 post-budget webinars Prime Minister Narendra Modi, starting from Thursday and till March 11, will address 12 post-budget webinars, which would focus on key priority areas outlined in the budget like green growth, skill development and ease of living through technology, among other aspects. The webinars will be focussed on synergising efforts of various ministries and departments and all concerned stakeholders towards preparation of action plans with quarterly targets so that the implementation is front ended a...
Prime Minister Narendra Modi to address 12 post-budget webinars
Prime Minister Narendra Modi to address 12 post-budget webinars
Source: IANS
23/02/2023 10:09:04 AM
Finance Minister meets Asian Development Bank President, lauds support to India Finance Minister Nirmala Sitharaman on Tuesday met Asian Development Bank (ADB) President Masatsugu Asakawa, and acknowledged the swift response and support provided by the institution to all its developing member countries, including India during the Covid-19 pandemic. She also appreciated the ADB's support to India's G20 Presidency priorities. Asakawa is on his maiden visit to India after taking over as ADB's President in 2020. Sitharaman encouraged the ADB to complemen...
Finance Minister meets Asian Development Bank President, lauds support to India
Finance Minister meets Asian Development Bank President, lauds support to India
Source: IANS
22/02/2023 9:18:26 AM
CM Yogi Adityanath government to present its largest-ever budget The Yogi Adityanath government in Uttar Pradesh will present its annual budget -- largest ever -- for 2023-2024 in the state Assembly on Wednesday. State Finance Minister Suresh Khanna said that the focus is likely to be on infrastructure development, health sector and education. According to top sources, the budget size is likely to increase by 8-10 per cent and is expected to be around Rs 7 lakh crore. This would be over Rs 50,000 crore more as compared to previous budget size which s...
CM Yogi Adityanath government to present its largest-ever budget
CM Yogi Adityanath government to present its largest-ever budget
Source: IANS
22/02/2023 9:11:51 AM
Fund allocation for MGNREGA has not gone down: FM Nirmala Sitharaman The fund allocation for Mahatma Gandhi National Rural Employment Guarantee Scheme(MGNREGA) has not gone down, Finance Minister Nirmala Sitharaman here on Friday, adding it is a demand driven scheme and as and when the demand increases, the Centre provides money. Addressing a post-budget press conference here, Sitharaman said: "Budget time allocation is one thing... and the scheme itself is a demand-driven scheme, as and when demand increases, we provide funds for it. This has been don...
Fund allocation for MGNREGA has not gone down: FM Nirmala Sitharaman
Fund allocation for MGNREGA has not gone down: FM Nirmala Sitharaman
Source: IANS
18/02/2023 10:10:22 AM
Budget should have focused more on asset monetisation: Former Niti Aayog Vice Chairman Former Niti Aayog Vice Chairman Rajiv Kumar has said the Budget should have focused more on asset monetisation and privatisation, besides allocating more funds to the social sector schemes. Finance Mininster Nirmala Sitharaman presented the Union Budget 2023-24 in the Lok Sabha on February 1. Kumar said ‘There should be (have been) a lot more focus on privatisation and asset monetisation, which I do not find reference to here (Budget).’ He also said Rs 51,000 crore disinvestmen...
Budget should have focused more on asset monetisation: Former Niti Aayog Vice Chairman
Budget should have focused more on asset monetisation: Former Niti Aayog Vice Chairman
Source: Accord Fintech
17/02/2023 10:57:11 AM