Finance Ministry issues modified circular on salary contribution to PM-CARES Fund; says those willing should intimate officers
A circular issued on 17 April had urged all the officers and staff of the finance ministry to contribute one-day's salary every month to the fund till March 2021, beginning with May salaries.
The finance ministry on Wednesday imposed spending restrictions on various ministries and departments in view of revenue constraints caused by the COVID-19 crisis
Fiscal deficit touches 128.5% of Budget estimate at January-end; expenditure-revenue gap stands at Rs 9,85,472 cr: Govt data
The fiscal deficit during the same period during 2018-19 was 121.5 percent of that year's Revised Budget Estimate (RE).
Budget 2020: Govt likely to fund some $28 bn of FY21 expenditure via off-budget borrowings; move aims to keep fiscal deficit under check
Finance Minister Nirmala Sitharaman, who will deliver the budget speech, is widely expected to announce stimulus measures for small businesses and non-banking finance companies.
I-T Dept detects Rs 435-cr undisclosed income after raids on Tamil Nadu firm; company inflates expenditures using bogus invoices
It was found, the CBDT said, that the company would pay for such bogus expenses by cheque or RTGS and then receive the cash back.
Finance Minister Nirmala Sitharaman has no leeway to offer any big surprises in Budget 2019, says economists
Investors and the market should not expect any big surprises from the first Budget by the first woman finance minister today
Narendra Modi likely to meet finance ministry department officials on 20 June, plans to discuss roadmap for growth
Ahead of the Budget, Prime Minister Narendra Modi is likely to meet all five departments of the finance ministry on 20 June to discuss the road map for boosting country's growth and generating jobs.
Downfall of Jet Airways: Debt-laden airline never had a viable business model, failed to maintain income-expenditure balance
The overall expenditure of Jet Airways was simply too high, given the total income of the airline. A basic problem with the business model
Twitter said its monthly active users declined partly due to deleting millions of abusive accounts.
Central govt's expenditure on civilian salaries increases three-fold in 10 years even as vacancies stay roughly the same
The central government’s expenditure on the salaries of civilian employees increased three-fold in 10 years between 2006-07 and 2016-17.
Narendra Modi-led NDA government has spent Rs 4,343 crore on publicity since coming to power, reveals RTI query
The Narendra Modi government has spent Rs 4,343 crore on publicity since it came to power in May 2014, an agency under the Ministry of Information and Broadcasting has said in reply to a Right to Information (RTI) query.
In 2017, BJP's income jumped by 81% to Rs 1,034 crore while Congress' earnings dropped to Rs 225 crore, reports ADR
The BJP's income increased by 81.18 percent to Rs 1,034.27 crore while that of the Congress decreased by 14 percent to Rs 225.36 crore between 2015-16 and 2016-17.
India economy: Govt indicates it will not cut expenditure in the wake of higher fiscal deficit numbers
Fiscal deficit has touched Rs 6.77 lakh crore at the end of January 2018, 113.7 percent of the target for the year, on account of higher expenditure.
The fiscal deficit, reflection of government borrowings to meet revenue-expenditure gap, was 113.7 percent in the 10-month period of 2017-18 as compared to 105.7 percent in the year-ago period.
India has great expectations from govt’s economic reforms but data shows not all of them are being met
The common man doesn’t know much about government's big ticket economic reforms but knows, for sure, their grocery bill is impacting their kitchen needs
In absolute terms, the fiscal deficit -- the difference between expenditure and revenue -- was Rs 5.25 lakh crore during April-October of 2017-18, according to data of the Controller General of Accounts (CGA).
Moody's believes that the government’s commitment to fiscal consolidation remains and sustained growth would help it reduce debt burden.
Fiscal deficit was at 83.9 percent in the corresponding period of 2016-17
Railways' deteriorating health: Govt misses earnings target for 3rd straight year, operating ratio worst in 15 yrs
Gross traffic earnings, which make up the bulk of revenues, would fall short of the target by over $3 billion in the fiscal year ending last month
To provide incentive to common man, there is an expectation that the basic exemption limit may be raised to Rs 3.75 lakh or Rs 4 lakh this year.