Live Breaking News & Updates on National small saving funds
Stay updated with breaking news from National small saving funds. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Explained | Why the Finance Minister wants to discontinue off-budget NSSF loans to Food Corporation of India Food Corporation of India has been the biggest recipient of off-budget financing through NSSF loans. Finance Minister Nirmala Sitharaman stated in her Budget speech that the Centre would end this practice. Their extra-budgetary nature meant these borrowings did not figure in the fiscal deficit calculation and therefore did not paint an accurate picture of the economy Answer: Bhakra Dam (Image: Reuters) One of the key announcements by Finance Minister Nirmala Sitharaman in her 2021-22 budget speech was that she would end the practice of extra-budgetary borrowing from the coming fiscal year onwards.
‘Grants for State Discoms will no longer be universal, but subject to milestones achieved’ February 02, 2021 × Somanathan explained why variation from Revised Estimate (RE) of previous Budget to Budget Estimate (BE) of FY21-22 is very small and when seen BE to BE, it is very big Niramala Sitharaman’s Budget proposals are more giving than taking — expenditure oriented. Expenditure Secretary TV Somanathan has played a key role in this. In conversation with BusinessLine, Somanathan explained why variation from Revised Estimate (RE) of previous Budget to Budget Estimate (BE) of FY21-22 is very small and when seen BE to BE, it is very big. He also put the record straight on grants for States’ Discoms on why it is a result-based reform scheme. Excerpts: