The decision was taken in view of the upcoming festive season and to enable States to accelerate capital spending, and also finance their development/welfare-related expenditure, as per the statement.
While addressing a review meeting with the Chief Ministers of Left Wing Extremism (LWE)-affected states at Vigyan Bhavan, Shah appealed to Naxalite youth to lay down their arms and join the mainstream, highlighting that nearly 13,000 individuals have done so in the northeast and Jammu Kas
The survey report also added that India's economic growth has remained resilient despite global challenges and uncertainties arising from global economic and geopolitical conditions.
"Aided by buoyant revenue generation, restrained revenue expenditure growth and healthy economic activity, the fiscal deficit is estimated to decline further from 5.6 per cent of GDP in FY24 (provisional actuals) to 4.9 per cent in FY25," she said.
This significant rise in public healthcare investment marks a pivotal shift in India's healthcare system, with government spending overtaking private out-of-pocket expenditure for the first time in the country's history.
The central government will have to increase the speed of spending capital expenditure by 41 per cent in the remaining months of this fiscal year to meet the capital expenditure growth targets.
The government health expenditure's share in the country's total GDP has increased from 1.13 per cent in 2014-15 to 1.84 per cent in 2021-22, showed the National Health Account (NHA) estimates for India 2020-21 and 2021-22 released on Wednesday.
The power sector in India holds investment opportunities estimated upwards of Rs 40 trillion over the next decade, brokerage Motilal Oswal asserted in a report.
Finance Minister Nirmala Sitharaman has urged the Ministry of Housing and Urban Affairs (MoHUA) to ensure that the capital expenditure (Capex) target for the financial year 2024-25 is met within the stipulated timeframe.
Lashing out at the Bharatiya Janata Party (BJP) over the One Nation, One Election initiative, Samajwadi Party chief Akhilesh Yadav on Thursday said that if is truly BJP's intention to avoid expenses then, why does the BJP carry out so many rallies. He added that tomorrow the BJP will also qu
India will spend Rs 4.25 lakh crore on projected 35 lakh weddings planned between November to mid-December, says a report by PL Capital-Prabhudas Lilladher.