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Budget Byte: Education scheme 'Samagra Shiksha' expenditure fell in 2020

Education scheme expenditure fell in 2020 Samagra Shiksha is an integrated centrally sponsored scheme (CSS) focused on pre-school to senior secondary level. Release of funds for the scheme has been slow in 2020, according to data by think-tank Accountability Initiative. Even states spent only a minor share of the approved funds till October. Most states allocated less towards education in the first place The slower spending by states came even as the denominator shrunk. States scuttled their ...
Samagra Shiksha Accountability Initiative Centre Under Samagra Shiksha Budget Byte Budget 2021 Finance Ministry

No abrupt fiscal correction must be attempted in 2021-22: TN to Sitharaman

The Tamil Nadu Finance Minister today urged the Union Finance Ministry to take more initiatives not just to support the States, but to ensure a sustained revival of the economy. He also suggested that no abrupt fiscal correction should be attempted during 2021-22. Ahead of the Union Budget, Tamil Nadu also suggested that the borrowing limit by States should be up to 5 per cent of GDP, called for continuation of discussions on the compensation mechanism and devolving further taxation powers on...
Tamil Nadu Nadu Deputy National Small Industries Corporation Union Finance Ministry Union Budget Tamil Nadu Finance Minister

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Govt considers creating bank with $13.7 bn equity to fund roads, ports

The Centre is considering a proposal to create a bank to help fund port, road and power projects as Prime Minister Narendra Modi’s administration aims to lift Asia’s third-largest economy out of the recession. The new entity, likely to be part of the Budget announcement in February, may have an equity capital of Rs 1 trillion ($13.7 billion), people with knowledge of the matter said, asking not to be identified as the matter isn’t public. The existing India Infrastructure Finance, which...
Abu Dhabi Abuz Aby United Arab Emirates Narendra Modi Abu Dhabi Investment Authority India Infrastructure Finance Co

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