United Nations, July 2 (IANS) The world organisation is in danger of going broke by the end of next month despite a lifeline thrown to it by the General Assembly through a change in funding procedure, according to UN officials. Assistant Secretary-General Chandramouli Ramanathan put it bluntly on Wednesday (local time): “We don’t have cash beyond August”.That’s just before the UN’s annual high-level meeting that convenes in September with a parade of world leaders.Come “September, money is gone”…
Latest Budget News & Updates
New Delhi, June 30 (IANS) India’s fiscal deficit stood at Rs 1.624 lakh crore in April-May of financial year 2026-27, which accounts for 9.6 per cent of the full-year target, data released by the Controller General of Accounts (CGA) showed on Tuesday.The government has fixed a fiscal deficit target of Rs 16.96 lakh crore for the full financial year (FY27), which shows that the figures for the first two months reflect a strong fiscal position with the country on track to meet the target set in …
Washington, June 2 (IANS) US Secretary of State Marco Rubio is expected to tell lawmakers on Tuesday that the Trump administration has reshaped US foreign policy around advancing American interests, defending a sweeping overhaul of foreign aid, diplomacy and regional security as he makes the case for the administration’s State Department budget request.In prepared testimony obtained by IANS ahead of his appearance before the House Appropriations Subcommittee on National Security, Department of S…
Chennai, May 10 (IANS) A political war of words erupted in Tamil Nadu on Sunday after DMK President and former Chief Minister M.K. Stalin strongly countered Chief Minister C. Joseph Vijay’s remarks on the state’s financial condition, asserting that the treasury was stable and accusing the new government of attempting to create a misleading narrative.Hours after Vijay assumed office and announced that his government would release a White Paper on the state’s finances, Stalin issued a detailed…
Islamabad, April 2 (IANS) From curriculum to teacher training, budget to quantity metrics and parallel education systems to political interference, Pakistan’s education system is currently facing several flaws, a report has stated. Reasons cited are various factors like overemphasis on quantity over quality, political interference, lack of budget, parallel education systems, outdated syllabus and fractured infrastructure, an article in ‘Pakistan Observer’ mentioned.”The most pertinent failure of…
New Delhi, March 24 (IANS) Delhi’s Leader of the Opposition Atishi, along with other AAP legislators, staged a protest outside the Assembly on Tuesday, alleging that despite a Rs 1 lakh crore budget, the government has failed to provide even a single ladder for the Fire Department. The AAP leaders displayed posters reading: “Budget: Rs 1 lakh crore. Fire Brigade ke paas seedhi: 1 bhi nahi”, highlighting their concerns over inadequate fire safety infrastructure.Talking to IANS, Atishi criticised …
Shimla, March 21 (IANS) Former Himachal Pradesh Chief Minister and Leader of the Opposition Jai Ram Thakur on Saturday described the state’s Budget as “the most disappointing and directionless in the state’s history”, offering absolutely nothing to the people. He said the Budget consistently failed to meet expectations. From 2023-24, the fiscal deficit stood at Rs 10,300 crore, Rs 10,337 crore, Rs 12,414 crore, and Rs 9,896 crore, respectively.During these years, capital investment dwind…
Hyderabad, March 20 (IANS) Telangana Deputy Chief Minister and Finance Minister Mallu Bhatti Vikramarka on Friday presented a budget of Rs 3.24 lakh crore for 2026-27.Presenting the third full-fledged budget of the Congress government in the state Assembly, he pegged the revenue and capital expenditure at Rs 2.34 lakh crore and capital expenditure at Rs 47,267 crore respectively.“For the financial year 2026-27, I propose a total expenditure of Rs 3,24,234 crore, revenue expenditure of Rs 2,34,…
New Delhi, March 18 (IANS) Net direct tax collections went up 7.19 per cent (on-year) to Rs 22.80 lakh crore (up to March 17), according to the latest provisional data released by the Income Tax Department on Wednesday.It includes net corporate tax of Rs 10.91 lakh crore, non-corporate tax of Rs 11.32 lakh crore and securities transaction tax (STT) of Rs 55,717 crore, the data showed.STT collections increased to nearly Rs 55,717 crore from Rs 53,095 crore a year ago, while other taxes dropped to…
Imphal, March 9 (IANS) Manipur Chief Minister Yumnam Khemchand Singh, while presenting the state Budget for the financial year 2026-27 in the Assembly on Monday, announced a new scheme aimed at the economic empowerment of women through Self Help Groups (SHGs), which is expected to benefit around 3.5 lakh women across the state. Presenting the Budget during the ongoing seventh session of the Assembly, the Chief Minister said the new scheme seeks to strengthen women-led SHGs and enhance financial …