EXPENDITURE

  • Delhi government cuts down expenditure ceiling for official meetings, limits fuel usage by officers November 9, 2014

    New Delhi: Days after the Centre announced certain austerity measures, the Delhi government has issued similar instructions cutting down the expenditure ceiling for official meetings and lunches and setting a limit on the amount of fuel that can be used by officers. The government has fixed 200 litres fuel per vehicle...
  • Nagaland government presents deficit Budget, proposes no new tax July 22, 2014

    Kohima: Without proposing any new tax, Nagaland Chief Minister TR Zeliang on Tuesday presented Rs 928.86 crore deficit Budget for the fiscal 201415. Presenting his maiden Budget on the opening day of assembly session, Zeliang, who also holds the Finance portfolio, estimated the gross receipts at Rs 12,127.59 crore and gross...
  • EC observers find BJP MP Ninama's election expenditure incorrect, MP denies June 26, 2014

    Expenditure observers of the Election Commission claimed to have found that the affidavit filed by BJP MP Manshankar Ninama from Banswara with regard to his election expenditure incorrect and the expenditure exceeded the limits but the lawmaker rejected the claim. The observers in their report claimed "the candidate has not maintained...
  • Government unlikely to substantially hike plan outlay in 201415 June 8, 2014

    New Delhi: The new government is unlikely to substantially enhance the Plan expenditure for 201415 in the Budget to be unveiled next month because it needs to keep fiscal deficit in check. The plan expenditure, or GBS (gross budgetary support), is the government spending on social sector schemes such as Bharat...
  • Government spent Rs 3,426 crore on LS polls to make it costliest ever May 13, 2014

    New Delhi: This was the most expensive Lok Sabha elections entailing a cost of Rs 3,426 crore to the national exchequer, a substantial jump of 131 per cent over the expenses incurred in 2009. In the last Lok Sabha polls five years ago, the cost to the exchequer was Rs 1,483...
  • Switzerland, Norway are world's most expensive economies April 30, 2014

    Switzerland and Norway are the world's most expensive economies, followed by Bermuda, Australia and Denmark, according to a new ranking by the World Bank. The economies with the lowest prices are Egypt, Pakistan, Myanmar, Ethiopia and Laos, according to a review of economic data which seeks to compensate for exchange rate...
  • Which Indian state spends the most on elections April 23, 2014

    The Indian general elections are one of the largest exercise in democracy across the world. This large-scale operation also involves huge costs. The cost of general elections to the exchequer via the Election Commission has increased from Rs 948 crore in the 1999 general election to Rs 1,114 crore for...
  • AP tops the list of expenditure sensitive states this election season April 21, 2014

    Hyderabad: Andhra Pradesh currently tops the list of expenditure sensitive states in the poll season across the country. Reviewing election preparation of the state, CEC VS Sampath expressed concern as 46 per cent of the total Rs 232 crore seized in the whole country belongs to AP alone. About Rs...
  • LS poll cost jumps 80 times, from Rs 10 crore to Rs 846 crore April 8, 2014

    The poll holding exercise has witnessed a whopping jump by 80 times to Rs 846 crore since 1952 when it was mere Rs 10 crore. The entire expenditure on actual conduct of elections to Lok Sabha is borne by the government of India and such expenditure on conduct of election to...
  • 2009 polls: Comparison of election expenses of parties and their MPs March 25, 2014

    New Delhi: The expenditure statements of political parties contain details of 'lump sum amount given to the candidates' and the abstract statements of candidates provide information on 'lump sum amount received from the parties'. This analysis has been done by Association for Democratic Reforms (ADR). The report analyses the difference in...
  • Elector expenditure 20 times more than first polls March 11, 2014

    Government expenditure per elector has gone up 20 times since the first Lok Sabha polls in 1951, according to figures compiled by the Election Commission. This is the amount that goes for making arrangements for voting across the country. In the first elections, the government spent 60 paise on an elector. That...
  • Lok Sabha poll expenditure of candidates raised to Rs 40 lakh February 13, 2014

    The candidates contesting the upcoming Lok Sabha polls will now be able to spend Rs 40 lakh , an increase of Rs 15 lakh from the last poll expenditure limit. Joint Chief Electoral Officer of West Bengal Saibal Barman said the raise was effected in 2011 and came in force for...
  • Between the 'Illfare' State and the Deep Sea August 27, 2013

    Bibek Debroy Profile: Bibek Debroy is Professor at the Centre for Policy Research, Delhi. He is an economist and has worked in universities, institutes, industry bodies and for the government. He has authored several books and articles, with an interest in trade, education, health, law and governance. Welfare state is an...
  • Centre refuses to release NRHM funds to Uttar Pradesh August 18, 2013

    Various programmes under the National Rural Health Mission are likely to be affected in Uttar Pradesh as the Centre has refused to release funds to the state for 201314, citing nonfulfillment of certain conditions. According to Union Healthy Ministry officials, the state could not claim its share of funds last year...
  • Government has to rebalance spending to prop up growth: RBI July 30, 2013

    The Reserve Bank on Monday said the government has to rebalance its spending from nonproductive to investmentcentric, to pull the economy out of morass. "The key to turning around the economy will be rebalancing government spending from current to capital expenditures with a view to 'crowdingin' private investment," the RBI...
  • AI's plan to trim workforce stuck with Finance Ministry May 19, 2013

    Mumbai: Air India's plan to trim its 27,000 bloated workforce by offering a voluntary retirement scheme (VRS) is stuck in the North Block, with the Finance Ministry questioning the rationale behind the proposed scheme. The VRS scheme is "stuck in the Finance Ministry over the payment of Rs 1,200 crore for...
  • Development expenditure has jumped tenfold: Nitish May 9, 2013

    Gaya: Highlighting initiatives undertaken by his government, Bihar Chief Minister Nitish Kumar on Wednesday said the pace of progress could be understood from the almost tenfold increase in funds spent on development in the state. "Prior to the NDA rule not even Rs 3,000 crore were spent on developmental works...
  • Key political risks to watch in India March 7, 2013

    New Delhi: India's slowest economic growth in a decade could be even worse than anticipated, as preliminary data released in February showed the economy appears to have grown 5.0 per cent in the fiscal year that ends this month - lower than both the RBI and finance minister's forecasts -...
  • Himachal tells centre to bear cost of Dalai Lama security February 13, 2013

    New Delhi: Himachal Pradesh on Tuesday again raised the issue of expenditure the state is incurring on the security of Tibetan spiritual leaders, the Dalai Lama and the 17th Karmapa, Ogyen Trinley Dorje and asked the central government to bear the expense. "Only a small amount of assistance is being provided...
  • Investment mantra for 2013: Accumulate, but don't get too greedy January 24, 2013

    Stock markets have years that are horrible and years that are cheerful. For example, 2007 was cheerful, while 2008 was horrible. A rarity is a year that approaches the investor with the look of the Grim Reaper but turns out to be Santa Claus; 2012 was such a year. From...
  • More steps needed to save US credit rating, says Moody's January 3, 2013

    New York: The United States must do more than the recently passed "fiscal cliff" measures if the country is to rescue its Aaa debt rating from its current negative outlook, rating agency Moody's Investors Service said on January 3. Standard & Poor's said the deal does not affect its negative...
  • 'Fiscal cliff' tumble looms despite US Senate efforts January 1, 2013

    Washington: The United States looked on track to tumble over the "fiscal cliff" at midnight on Monday, at least for a day, as lawmakers remained reluctant to back lastminute efforts by Senate leaders to avert severe tax increases and spending cuts. The US House of Representatives might not vote on any...
  • US: $ 2 bn price tag for presidential election December 7, 2012

    Washington: Campaign finance filings with the government now show that the cost of the 2012 US presidential race has surpassed $2 billion, a new record. The new tallies released on Thursday, which include nearly $86 million in fundraising by Republican presidential nominee Mitt Romney in the election's final weeks, boosted...
  • CIC comes to the rescue of Sonia, says she paid her bills October 3, 2012

    New Delhi: In response to Gujarat Chief Minister Narendra Modi's allegations of expenses on UPA chairperson Sonia Gandhi's trips abroad, the Congress on Wednesday hit back with an order of the Chief Information Commissioner (CIC), which says no expenses were incurred by the government. The order dated May 3 effectively put...
  • Sonia paid for her treatment, not the govt: CIC October 3, 2012

    New Delhi: The Central Information Commission (CIC) in its order on May 3, 2012 had made it clear that the Government of India made no expenditure on Congress President Sonia Gandhi's treatment abroad. Chief Information Commissioner Satyananda Mishra while replying to a Right to Information (RTI) query by one Naveen...
  • Activists seek Modi's travel expenditure details October 3, 2012

    Ahmedabad: Gujarat Chief Minister Narendra Modi's query on Congress President Sonia Gandhi's travel expenses seems to be getting back at him. While Modi continues to target Sonia, it has now emerged that the Gujarat Chief Minister himself may be hiding information. Activists Trupti Shah and Bharat Sinh Jhala claim Modi...
  • Modi vs Sonia: Gujarat newspaper says it is being targeted October 2, 2012

    Gujarat Chief Minister Narendra Modi on Monday said that he was willing to say sorry to the Congress if his allegations over foreign trip expenses of Sonia Gandhi were proved wrong. He said that he had a newspaper report to back his claims. However, the newspaper company itself has refused to...
  • Modi attacks PM over 'wasteful expenditure' October 1, 2012

    New Delhi: Gujarat Chief Minister Narendra Modi upped the ante on Monday asking Prime Minister Manmohan Singh with whose permission the "wasteful expenditure" of the United Progressive Alliance (UPA), were being made. "Should we forgive such people who make such wasteful expenditures?" he asked. The Gujarat CM launched a barrage of...
  • PM defends space programme expenditure September 10, 2012

    Sriharikota: Commending India's 100th space mission, Prime Minister Manmohan Singh on Sunday justified the expenditure on the space programme, saying critics who ask whether a "poor country" can afford it should see the enormous national benefits generated by this venture. He said questions were sometimes asked about whether a poor...
  • Armed forces should avoid 'wasteful expenditure': Antony August 12, 2012

    New Delhi: Defence Minister AK Antony on Saturday said the government will provide maximum possible support to the armed forces for modernisation but they should avoid "wasteful expenditure". Addressing a navy function, the minister said the defence budget is touching nearly Rs 2 lakh crore but even in the present...