The Centre has taken note of heavy rains this year and relaxed guidelines to release the amounts immediately, without waiting for utilisation certificates of the funds provided in the last financial year.
view of a higher multiplier effect of capital expenditure and in order to provide a boost to capital spending by states, the scheme ‘Special Assistance to States for Capital Investment 2023-24' was announced in the Union Budget 2023-24
The top brass of the Central government shared their ideas, practices and concerns on cyber security and readiness for future cyber threats.
The Prime Minister has given a vision that the nation will strive to ensure that the G20 acts as a global “prime mover” to envision new ideas and accelerate collective action over the next one year.
The total amount of compensation released to the States and UTs so far, including the aforesaid amount, during the year 2022-23 is Rs.1,15,662 crore.
It further added that demonetisation was also a part of larger strategy for combating the menace of fake money, terror financing, black money and tax evasion.
A Finance Ministry release said Direct Tax collections up to November 10, 2022, show that gross collections are at Rs. 10.54 lakh crore, which is 30.69 per cent higher than the gross collections for the corresponding period of last year.
Finance Minister Nirmala Sitharaman on Wednesday said that despite exogenous threats, India's well-targeted policy mix, accompanied by major structural reforms and a sound external balance sheet, have aided its growth to remain resilient.
"Indian economic performance in the first half of 2022-23 has been impressive compared to the world. As measured by PMI composite index, the economic activity level was higher for India at 56.7 compared to 51.0 for the World level during April-Sept 2022," said the economic review which was released on Saturday by the Finance Ministry.