Confident of reducing fiscal deficit to 4.5% of GDP by FY26: Somanathan
The fiscal deficit - the excess of government expenditure over its revenues - has been pegged at 9.5 per cent of the gross domestic product (GDP) in the current fiscal ending March 31, as per the revised estimate
PTI | February 7, 2021 | Updated 14:43 IST
In its post-budget commentary, S&P Global Ratings had said India s budget for the next fiscal is an effort of the government to shore up economic recovery
The government is confident of lowering the fiscal deficit to 4.5 per cent of GDP by 2025-26 fiscal, considering a nominal GDP growth of 10 per cent every year, Expenditure Secretary T V Somanathan has said. India has exceeded its fiscal deficit target of 3.5 per cent in the current fiscal by a wide margin due to higher spendings to stimulate the economy amid the pandemic. The fiscal deficit - the excess of government expenditure over its revenues - has been pegged at 9.5 per cent of the gross domestic pr
‘We are prepared to do what we think is right’
February 07, 2021
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International rating agencies, if they properly understand what we are doing are unlikely to be too alarmed by the expansionary Budget
Finance Minister Nirmala Sitharaman said before the Budget this will be a historic budget and once in a 100 year one. She has lived up to that; the Budget 2021 has proved to be very different in ways more than one. At the
BusinessLine webinar on “Decoding the Budget 2021-22”, Expenditure Secretary TV Somanathan, one of the key architects of this expansionary budget, explains to Raghuvir Srinivasan, Editor,
Hindu BusinessLine the salient parts of the Budget, its philosophy and how it will help in triggering a rapid pace of economic growth. Edited excerpts:
Read more about FCI will have just Rs 59K cr of NSSF loans by FY22-end: Expenditure secy on Business Standard. Lower loans will decrease FCI s interest burden by Rs 17,000-18,000 crore annually, say officials
PM-CARES Fund to foot over 80% cost of 1st phase of COVID vaccination drive
By Mansoor| Updated: 2nd February 2021 7:55 pm IST Photo: The Prime Minister s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES) was created following the COVID-19 pandemic in India (Source: Google)
New Delhi: The PM-CARES fund, which has been set up to provide relief during the coronavirus pandemic, has contributed over Rs 2,200 crore for the first phase of vaccination drive, which is looking to inoculate frontline healthcare workers, the Expenditure Secretary said on Tuesday.
Set up in March 2020, the exact collections made by the fund through voluntary contribution by individuals and corporates, are not known but the corpus managed by the PMO has been providing relief to pandemic-hit sectors.
PM CARES Fund To Bear Over 80% Cost Of First Phase Of Covid-19 Vaccination Drive
The PM CARES fund has provided over Rs 2,200 crore, that is more than 80% cost of the first phase of the vaccination drive Outlook Photo Outlook Web Bureau 2021-02-02T19:50:53+05:30 PM CARES Fund To Bear Over 80% Cost Of First Phase Of Covid-19 Vaccination Drive outlookindia.com 2021-02-02T23:06:28+05:30
The PM-CARES fund has contributed over Rs 2,200 crore for the first phase of the Covid-19 vaccination drive, which is looking to vaccinate frontline healthcare workers, shared the Expenditure Secretary.
Established in March 2020 to provide relief during the Covid-19 pandemic, the exact collections made by the PM-CARES fund is still unknown but it has managed to provide relief to the pandemic-hit sectors from time to time.