Government Finance News - Latest Updates & Headlines
Uttarakhand CM tells all departments to spend 80 pc of budget by December
Dehradun, April 5: Uttarakhand Chief Minister Pushkar Singh Dhami on Saturday directed all departments to spend up to 80 per cent of the budget by the month of December.
Government on track to meet fiscal deficit target of 4.8 pc for FY25: Bank of Baroda Report
New Delhi, March 3: The central government is on course to meet its fiscal deficit target of 4.8 per cent of GDP for the financial year 2024-25 (FY25), according to a report by Bank of Baroda.
India's debt to decline to 50-51% if it maintains a nominal growth rate of 10.5 %: SBI Funds
New Delhi, February 6: If India maintains a nominal growth rate of 10.5 per cent its fiscal deficit is expected to reduce to 4 per cent of GDP in the next financial year (FY26), according to a report by SBI Funds.
Indirect tax to rise by 8.3 pc, corporate tax by 10.4 pc in FY26: Report
New Delhi, February 6: The government's indirect tax collection is expected to increase by 8.3 pc in the financial year 2025-26 (FY26), according to a report by ICICI Bank.
Govt earns most from borrowings, spends major share of Budget on interest payments
New Delhi, February 2: India's Union Budget 2025-26 revealed a significant reliance on borrowings, accounting for 24 per cent of the government's income, followed closely by income tax, which contributes 22 per cent to the revenue.
Government likely to prioritise Capex in FY26 with 16-20% allocation: JM Financial
New Delhi, January 5: The Union Government's fiscal strategy for financial year (FY) 2026 will prioritise capital expenditure (Capex), with a major allocation expected to range between 16-20 per cent, from its revised estimates of 90 per cent of FY25 Budgeted Estimates (BE), stated JM Financial in its latest report.
Government to prioritise Capex in FY26 with 16-20% allocation: JM Financial
New Delhi, January 5: The Union Government's fiscal strategy for financial year (FY) 2026 will prioritise capital expenditure (Capex), with a major allocation expected to range between 16-20 per cent, from its revised estimates of 90 per cent of FY25 Budgeted Estimates (BE), stated JM Financial in its latest report.
Administrative system was corrupt during BRS regime: Telangana CM Revanth Reddy
Hyderabad, January 4: Telangana Chief Minister A Revanth Reddy has come down heavily on the previous Bharat Rashtra Samithi (BRS) government, alleging that its 10-year rule corrupted the entire administrative system.