Among the Budgets Nirmala Sitharaman has presented over the past six years, revenue overestimation was a big problem in the Budget for 2019-20, her maiden exercise.
Capital expenditure undertaken hastily to meet year-end targets dilutes the quality of the exercise and undermines the economy's benefits from such investment.
Maharashtra has headroom to spend, but committed expenditure is expected to rise. In Jharkhand, optimistic revenue projections may limit the state govt’s ability to fulfill the promises.
If the fiscal deficit was brought down to 5.6% in 2023-24, it was more because of a cut in revenue expenditure than because of growth in tax collections.
With tax revenue not doing as well as needed, govt has few choices before it: reduce subsidy-led revenue expenditure, cut back on growth-oriented capex, or miss its fiscal deficit target.
The supplementary demands for grants, tabled by FM Nirmala Sitharaman, is over and above the total expenditure of Rs 34.83 lakh crore projected in the Budget for 2021-22.
The proposals, tabled by FM Nirmala Sitharaman, involve net cash outgo of Rs 4.13 lakh crore and remaining amount will be matched by savings of ministries or enhanced receipts
The budgeted expenditure doesn’t account for various schemes & announcements that have been made, such as the increase in MSP or the healthcare coverage scheme.
Audience data shows there are now more fans outside South Korea than at home. Like hip hop, there’s no reason why K-Pop can’t have a similarly inclusive trajectory while staying true to its core.
Research paper, however, finds lowest indebtedness level among Muslims at 12.3% & highest among Hindus at 14.9%. Overall national financial inclusion level at 87.2%, indebtedness at 14.7%.
Fresh details of operation conducted by IAF, Army have come out in gazette notification giving citations of those who were awarded Vir Chakra for their bravery.
On 21 Oct, a buzz went up that the govt had released full list of gallantry award recipients along with Op Sindoor citations. I put an AI caddy on the job. It took me into a never-ending rabbit hole.
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