budget: Centre seeks house approval for extra net spending of Rs 58,378 cr

2023-12-06 18:52:18 New Delhi: The government on Wednesday sought parliamentary approval for an additional net spending of ₹58,378 crore in the first batch of supplementary demand for grants in this financial year. Despite the additional outgo, officials expect the government to meet its fiscal deficit target of 5.9% of gross domestic product (GDP) for 2023-24. … Read more

Govt seeks Lok Sabha nod for fresh cash outgo of over ₹58,000 crore during FY24

2023-12-06 13:39:10 The Finance Ministry on Wednesday sought approval for fresh cash expenditures of over ₹58,000 crore from Parliament. This includes ₹13,500 crore for fertilisers and over ₹4,500 crore for the free ration programme. At the same time, additional expenditure for the rural employment guarantee scheme and fund infusion in public sector expenditure companies will … Read more

health care: Finance ministry releases Rs 10,000 crore in urgent aid for NREGS

2023-11-04 02:10:16 New Delhi: The finance ministry has released ₹10,000 crore in urgent assistance to meet unexpected enhanced expenditure under the rural job guarantee scheme until the first batch of supplementary demands for grants is approved by parliament at its next session, a senior official said. The unusual move came after 95% of the FY24 … Read more

GST collections in October jump 13% YoY to Rs 1.72 lakh cr, second highest-ever – The Economic Times Video

2023-11-01 13:07:43 GST collections increased 13 per cent to Rs 1.72 lakh crore in October, the second highest-ever, helped by momentum in the economy, efforts of taxmen in checking evasion and festive demand. “GST revenue collection for October 2023 is second highest ever, next only to April 2023, at Rs 1.72 lakh crore; records increase … Read more

gst: DGGI detects Rs 1.36 lk cr tax evasion in H1 of FY24

2023-10-18 18:14:58 New Delhi: The Directorate General of GST (goods and service tax) Intelligence (DGGI) has detected tax evasion of ₹1.36 lakh crore in the first six months of the current financial year (FY24) and received ₹14,108 crore as voluntary tax payment. The ₹1.36 lakh crore included 1,040 fake Input Tax Credit (ITC) cases involving … Read more

Finance Ministry approves Rs 60,000 cr interest subsidy scheme on home loans for urban poor: Sources – The Economic Times Video

2023-10-03 12:40:24 The Finance Ministry on Tuesday gave a green light to the Rs 60,000 crore incentive program to bolster urban housing initiatives. According to the ET Now exclusive report, the Expenditure Finance Committee, a key arm of the Finance Ministry, has approved the Housing Ministry’s proposal, signalling a significant stride in promoting affordable housing … Read more

Prime Minister Modi weighs giving small farmers more cash before 2024 elections

2023-10-11 02:24:49 India’s government is considering a plan to boost cash support to small farmers by a third, allowing Prime Minister Narendra Modi’s ruling party to shore up support from a key voting bloc ahead of elections. The government is weighing options to raise the annual direct cash transfer to small farmers to Rs 8,000 … Read more

Finance ministry seeks expenditure proposals from ministries for supplementary demands for grants

2023-10-03 15:12:19 NEW DELHI: The finance ministry on Tuesday invited proposals for funds from various departments and ministries for inclusion in the first batch of supplementary demands for grants for FY24, asking them to be realistic and objective in their assessment of additional requirements. In an office memorandum, the Department of Economic Affairs (DEA) has … Read more