Centre Plans To Raise Rs 7.5 Trillion...
...to fund the revenue gap. Of the gross market borrowing of Rs 14.13 trillion estimated for FY25, Rs 7.5 trillion, or 53 per cent, is planned to be borrowed in the first half.
Source: rediff.com
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Buoyant GST collections in FY24 may give Centre room to raise target for FY25 in full Budget
Experts believe Revised Estimate for FY24 may have been exceeded
Source: businesstoday.in
AyushMin gets rap for underuse of funds despite rising allocation
Given the gap between budgetary allocation and use, a parliamentary standing committee has asked the Ministry of Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homeopathy (Ayush) to take steps to prevent underutilisation of funds under the National Ayush Mission (NAM) scheme. According to the data, the ministry was allocated Rs 1,200 crore for the mission in the Budgetary Estimate (BE) for FY24. The Revised Estimate (RE) for the year fell to Rs 815 crore, of which Rs 589 crore, or 74 per cent, has been spent till January.
Source: rediff.com
Senior Citizens' Savings kitty surges over 100% to Rs 90,000 crore
Similarly, collections from the Monthly Income Scheme rose to nearly Rs 20,000 crore, compared to Rs 5,000 crore for the full fiscal year of 2023-24, stated a senior Finance Ministry official
Source: businesstoday.in
Senior Citizen Savings Scheme mop-up spikes over two times, says report
The maximum deposit limit for Senior Citizen Savings Scheme has been enhanced to ₹30 lakh from ₹15 lakh and it has been made effective from April 1, 2023.
Source: livemint.com