EXPENDITURE SECRETARY

Union Budget 2024:Finance Minister Nirmala Sitharaman concluded her customary stakeholder consultations for the Union Budget. She gathered inputs from over 120 invitees across 10 stakeholder groups over two weeks, ending on Friday.

The finance ministry advises government entities to opt for mediation over arbitration in contract disputes. Guidelines stress resolving disputes amicably and avoiding unnecessary litigation. Committees to oversee mediation process. Courts to adjudi...

Although the pandemic is behind us, the focus on the health sector shouldn't be diluted, he added. There were also suggestions to tightly monitor the implementation of all such social sector schemes, he added. Facilities at schools and hospitals nee...

Asian shares subdued, yen at record low. Nasdaq tumbled, Dow Jones rallied. Chinese stocks slightly higher. U.S. PCE price index awaited. Investors cautious ahead of U.S. price data, U.S. presidential debate, French election.

Union Minister Nirmala Sitharaman chaired the fifth Pre-Budget Consultation in New Delhi, focusing on inputs from the MSME sector for the forthcoming General Budget 2024-25.

Budget 2024: The focus on the quality of spending, sans mindless freebies, and steps to further curb inflationary pressure should continue, some of the economists told finance minister Nirmala Sitharaman at the customary pre-budget consultation, adv...

India's Ministry of Statistics and Programme Implementation (MoSPI) is considering increasing the frequency of the Periodic Labour Force Survey (PLFS) from quarterly urban unemployment data to monthly, and shifting the release of rural employment da...

CII also suggested that the government may use a part of the Rs 2.11 lakh crore RBI dividend to boost capital spending by 25 per cent in FY25. This will help to maintain the upward trajectory of public capex and crowd-in-private capex by reinvigorat...

A day after PM Narendra Modi and his new council of ministers were sworn in, speculation was high about the next finance minister. Questions were arising whether Nirmala Sitharaman will continue in her role in the finance ministry or take on a diffe...

India, in collaboration with the World Health Organization (WHO), plans to strengthen its drug regulatory system to ensure quick access to high-quality medical products for all. Union Health Secretary Apurva Chandra highlighted the country's core ca...

The BJP has emerged as the highest spender on Google ads among all political parties, splurging Rs 39 crore from January to April. The party ran 76,800 ads, focusing on promoting government schemes. With a goal of "Abki baar 400 paar" and strategic ...

Finance Secretary T V Somanathan urged pay and accounts officers to bring government departments on e-bill platform and monitor cyber security threats. He emphasized on improving bill payment efficiency and complete implementation of e-bill system. ...

The government is confident of meeting the targets in the interim budget presented on Thursday. Finance Secretary TV Somanathan stated that the government capital expenditure continues to be high and expressed confidence in achieving the 5.1% fiscal...

Finance Secretary T V Somanathan believes that the government's target of reducing the fiscal deficit to 5.1% of GDP in 2024-25 is ambitious but achievable. This is based on the assumption of growth in tax revenue of 11.5%, an increase in non-tax re...

Finance Minister Nirmala Sitharaman emphasized the government's focus on "GDP," representing governance, development, and performance. She highlighted achievements such as three consecutive years of 7%-plus growth, India being the fastest-growing ec...

​The four full time members appointed by the president are former expenditure secretary A N Jha, former special secretary of the department of expenditure Annie George Mathew, executive director of Artha Global Niranjan Rajadhyaksha and group chief ...

The Centre has advised state chief secretaries to avoid "freebies" and instead focus on increasing capital expenditure. The advice comes as India heads into a major election year, with five states presenting election promises that could qualify as "...

"Empowerment of pockets by fiscal grant only increases dependence. The politics of so-called freebies for which we see a mad race distort expenditure priorities. Freebies, as per economic giants, undercut the basic framework of macroeconomic stabili...

The union cabinet on Wednesday likely approved a few terms of the 16th Finance Commission in a meeting held on Tuesday, as per media reports. However, there has not been any official announcement yet.