Tag: Expenditure

As Bengal’s debt piles up, state govt applies brakes on spending

Initially, the government had an estimate that nearly 2 crore beneficiaries will register for ‘Lakshmir Bhandar' project but so far, the government has received 1.63 crore applications of which 1.52 crore have been approved. Nearly 7 lakh applications have been rejected. The government has spent more than Rs 800 crore on the project and going by the figure the finance department estimates that the state government will have to cough up another Rs 5,600 crore which might, in turn, lead to a staggering figure in a full financial year.

February 7, 2022

PSU’s capital expenditure increases by 47% this fiscal year: Power Ministry

The top-performing government PSU include PowerGrid (increases 90.6% capex), SJVN (90.19%) NTPC (86.5%) and THDC (85.38%), said a senior officer of the Power Ministry here on Thursday.

January 6, 2022

Derek O’ Brien faces CBI queries in probe into party’s income, expenditure

Mr O’Brien is the publisher of the party mouthpiece Jago Bangla.

August 10, 2019

Subsidise expenditure on emergencies at private hospitals: IMA

The Indian Medical Association (IMA) on Monday urged the government to subsidise the cost of treatment in emergency cases in private hospitals and ensure a strong mechanism for reimbursements. “(Handling medical) emergency cases is the responsibility of the state governments. The government should subsidise cost borne on all such emergencies in the private sector and …

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December 11, 2017

Railways not to seek more funds from Budget

Indian Railways is not looking at more funds in the upcoming Union Budget for 2018-19 as it is focussed on monetising assets within, Railway Minister Piyush Goyal said. The Budget that Finance Minister Arun Jaitley presents on February 1 next year will be the second after the railway and Union budgets were merged in a …

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November 19, 2017

India’s April-August fiscal deficit at over 96% of target

India’s April-August fiscal deficit — at Rs 5.25 lakh crore — stood at 96.1 per cent of the full year’s budget target of Rs 5.46 lakh crore, official data showed on Friday. The data furnished by the Comptroller General of Accounts (CGA) showed that April-August fiscal deficit was 76.4 per cent of the Budget in …

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September 29, 2017

Revenue expenditure projected to reduce to about 85% in 2019-20

The proportion of revenue expenditure in the total expenditure which is budgeted to be 85.6 per cent in the current fiscal, is projected to be roughly the same in 2018-19 and decrease to 85 per cent in 2019-20, according to the Medium-Term Expenditure Framework (MTEF) Statement tabled in the Lok Sabha on Thursday. The Medium-term …

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August 10, 2017

Adhere to spending cap in March: Finance Ministry

The Finance Ministry has asked other ministries not to breach financial propriety and restrict expenditure to 15 per cent ceiling in March to avoid expenditure rush in the last month of the fiscal. With three weeks left for the end of the current fiscal, the ministry has asked various government departments and ministries, which are …

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March 8, 2017

Beijing to spend billions to tackle air pollution

Beijing will spend more than 18 billion yuan ($2 billion) to fight air pollution in 2017, officials said on Saturday. Beijing aims to control the annual average density of PM 2.5 to around 60 micrograms this year, said Lu Yan, head of the Beijing Municipal Reform and Development Commission. PM 2.5 are fine particles measuring …

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January 14, 2017