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Ministries allowed to spend 33% of BE in January-March quarter January 06, 2021 The key Ministries and Departments include commerce, telecom, coal, environment, mines and MSMEs.   -  istock.com× FinMin, however, says that the spending should remain within the revised estimate The Finance Ministry has restored quarterly and monthly expenditure limit as prescribed in 2017 for the last three months — January-March of FY20-21. This means higher expenditure by various Central Ministries and Departments would be possible during the fourth quarter of the fiscal. However, the change in stance ha...

Finance Ministry asks Ministries, Departments to submit proposals for additional expenditure December 29, 2020 × The Finance Ministry has invited proposals from various Central government Ministries and Departments for additional expenditure through second and final Supplementary Demands for Grants (SDG). The Second SDG will be presented during the Budget session of the Parliament likely to start from January 27. In an Office Memorandum (OM), the Finance Ministry said: “All the Ministries/Departments have been requested to contain the expenditure within the approved Revised Estimate (RE...