In absolute terms, the fiscal deficit was at Rs 2,74,245 crore. For the current financial year, the government expects the fiscal deficit at 6.8% of GDP or Rs 15,06,812 crore.
According to CEA K.V. Subramanian, demands for stimulus should also consider that the Budget this year was presented amid the pandemic and incorporated significant fiscal expansion.
Budget documents for 2021-22 show govt didn't allocate any funds for vaccine expenditure by the Centre. However, it has spent Rs 2,520 crore so far this fiscal for vaccine procurement.
Finance Minister Nirmala Sitharaman said that the criteria would be applicable to those cases where no contribution is made by employers to the retirement fund.
Over the last 10 years, the share of the defence budget spent on capital outlay has declined, from a high of 30% in 2011-12 to as low as 22% in 2018-19.
Addressing a webinar on implementation of Union Budget provisions in education sector Wednesday, Modi said the new National Education Policy has encouraged the use of local language.
Ahmedabad: Union Finance Minister Nirmala Sitharaman on Thursday said this year's budget has negated the notion that welfare state is a socialist prerogative, and...
Noting that the government has 'no business to be in business', PM Modi said pointed out how government officials are unable to take courageous decisions fearing allegations and courts.
PM Modi in his address at a webinar Tuesday said the govt is working on prevention of illness and promotion of wellness, healthcare access to all, among other initiatives.
Nirmala Sitharaman said the nation’s growing and aspiring needs and demands across various sectors cannot be served just by the central government and state governments put together.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
The Chinese are said to have hired ex-fighter pilots & air force operators from NATO countries over the past several years to help them fine-tune their operational & flying capabilities.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
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