The Reserve Bank of India (RBI) on Thursday termed increasing spending by states on subsidies as an "incipient stress" and called for rationalisation of such outgoes.
Strongly criticising the United States' budget proposal to allocate USD 100 million in defence aid to Taiwan for the financial year 2025, China has vowed to take resolute measures to firmly safeguard its sovereignty and territorial integrity, as reported by Global Times.
New Delhi [India], August 18 (ANI): Budget analysis of the top 15 states, which account for 85 per cent of the total state road capex, indicates they have cumulatively budgeted for an 8 per cent increase in capex on roads and bridges at Rs 1.26 lakh crore in this fiscal as compared with the
Washington [US], July 14 (Sputnik/ANI): The US federal budget deficit hit a record $864 billion in June amid the coronavirus pandemic, bringing total deficits for the year to an all-time high of $2.7 trillion, the Treasury's monthly statement showed on Monday.