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Thursday, March 28, 2024
TopicFinance ministry

Topic: finance ministry

‘Walked the path of fiscal prudence’ — what economists say about interim budget 2024’s fiscal maths

While boosting capex & rural spending, govt has set fiscal deficit target of 5.1% of GDP, which means Centre will have to borrow less to finance deficit, allowing pvt sector to borrow more.

Sitharaman announces cervical cancer vaccination for girls aged 9-14 in interim budget

Health ministry allocated Rs 90,657 crore for FY 2024-25, 1.6 percent higher than the full Budget presented last year and 12.5 percent higher than the revised estimates for 2023-24.

At 6.11%, India’s direct tax-to-GDP ratio in FY23 highest in 15 years, cost of collection down

Data released by Central Board of Direct Taxes shows India’s direct tax collections have been rising strongly over the past decade, as has number of those filing returns and actually paying tax.

‘Flight of capital’ from India & how to curb it — finance ministry’s high-level discussion

Minutes of Chintan Shivir held in August reveal concerns over high net-worth individuals taking wealth out of India, need to reform tax system and avoid ‘knee-jerk’ policy formulation.

Finance Ministry says India will remain ‘fastest-growing major economy’ in FY24

The report flagged that global uncertainties have been compounded by recent developments in the Persian Gulf and depending on how the situation develops, crude oil prices may push higher.

Finance Ministry says rising oil prices a concern, but economic outlook ‘bright’ in monthly report

The comment comes as oil prices rose to 10-month highs earlier this week before easing, on extended production cuts from key suppliers Saudi Arabia and Russia.

Amid GDP row, govt hits out at critics but concedes its data insufficient to gauge economic activity

Two articles, one by visiting Princeton prof & another by ex-CEA, question India’s GDP calculation. 'Critics latch on to anything that doesn't paint economy in good light,' says govt.

Platforms like India’s UPI, Aadhaar can enhance financial inclusion, says World Bank in G20 report

In G20 policy recommendations, World Bank says Digital Public Infrastructure can accelerate countries' digital transformation, but they must be designed according to global standards.

Finance Ministry says inflationary pressures need greater vigilance by govt and RBI

The ministry's comments come weeks after data showed retail inflation in July rose to its highest in 15 months, as vegetable and cereals prices skyrocketed.

PM hails ‘nari shakti’ as finance ministry says ‘over half of 50 cr Jan Dhan accounts’ belong to women

Finance ministry has announced that number of Jan Dhan accounts in the country has crossed the 50-crore mark, as on 9 August, since scheme was launched nine years back, in 2014. 

On Camera

Social media has made news more graphic. Torture by Russian military is latest example

Before social media, depiction of violence on news was the exception—graphic visuals were either not shown on TV or in newspapers or the images were blurred. This is no longer the case.

Profit margins in lottery industry are tiny. Here’s how Future Gaming paid for its electoral bonds

Neither state govts nor companies earn large profits from lotteries. However, a look at the system shows there’s ample evidence of murky dealings and financial irregularities. 

BRO connects new axis to Ladakh, to be shortest route

The all-weather Nimmu-Padam-Darcha Road will connect Manali to Leh through Darcha and Nimmu on Kargil-Leh Highway.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.