New Delhi, March 30 (IANS) The Central government’s fiscal deficit touched 80.4 per cent of the budgeted target by the end of the first 11 months from April to February of the financial year 2025-2026, reflecting a strong fiscal position, according to figures released by the Comptroller General of Accounts on Monday.The gap between the government’s expenditure and revenue stood at Rs 12.53 lakh crore from April to February, against the full-year target of Rs 15.58 lakh crore. In the same perio…
Latest Capital Expenditure News & Updates
New Delhi, March 27 (IANS) The Parliament on Friday approved the Finance Bill 2026 with the Rajya Sabha returning it to the Lok Sabha by a voice vote, completing the legislative process to provide the legal backing for the proposals of the Union Budget 2026-27 to kick in during the new financial year beginning from April 1.The Lok Sabha passed the bill on March 25, along with 32 amendments. The Rajya Sabha returned the bill after a brief discussion, and Finance Minister Nirmala Sitharaman’s repl…
New Delhi, March 23 (IANS) The government on Monday said that India Inc has lined up capital expenditure (CAPEX) plans worth over Rs 11 lakh crore for the current financial year 2025-26, highlighting strong investment momentum in the private corporate sector.According to a survey by the National Statistical Office (NSO) released by the Ministry of Statistics & Programme Implementation (MoSPI), conducted between October and December 2025, the provisional aggregate CAPEX for FY26 is estimated …
Mumbai, March 5 (IANS) Maharashtra’s economy is set to grow at 7.9 per cent in 2025-26 against the India’s growth rate of 7.6 per cent especially due to a record collection of Goods and Services Tax and favourable market conditions. Maharashtra continues to be the growth engine of the country. The nominal Gross State Domestic Product (GSDP) at current prices is expected to grow by 10.4 per cent. According to the Economic Survey for 2025-26 presented by the Minister of State for Finance Ashish …
Chandigarh, March 2 (IANS) Reinforcing the state’s commitment to fiscal prudence and development-led growth, Haryana Chief Minister Nayab Singh Saini on Monday presented the state Budget for 2026-27, emphasising seven key pillars that underscore disciplined financial management and a sharp rise in capital investment. CM Saini said the best indicator of a government’s financial management is the fiscal deficit. “Between 2005 and 2014, Haryana’s fiscal deficit increased from Rs 286 …
New Delhi, Feb 27 (IANS) India’s fiscal deficit for the first 10 months (April to January) of FY 2025-26 was Rs 9.8 lakh crore, which works out to 63 per cent of the estimate for the full financial year ending on March 31, official figures released on Friday showed.Net tax receipts for April-January stood at Rs 20.94 lakh crore, up from Rs 19 lakh crore collected in the same period last year.Non-tax revenue went up to Rs 5.57 lakh crore, from Rs 4.7 lakh crore in the same period of the previous …
Shillong, Feb 26 (IANS) Meghalaya has emerged as one of the fastest-growing states in the country, recording nearly 10 per cent real Gross State Domestic Product (GSDP) growth for three consecutive years after the Covid-19 pandemic, Chief Minister Conrad K. Sangma said on Thursday while replying to the Budget discussion in the Assembly.Citing fiscal indicators, Sangma said the state’s economic size expanded by 76.5 per cent between FY21 and FY25, making Meghalaya the second fastest-growing sta…
Mumbai, Feb 25 (IANS) Municipal Commissioner Bhushan Gagrani on Wednesday presented the Brihanmumbai Municipal Corporation (BMC) budget for the fiscal year 2026-27, proposing a total outlay of Rs 80,952.56 crore. The budget gives a major push to infrastructure development and technological advancement.This represents an 8.77 per cent increase over the previous year’s budget of Rs 74,427.41 crore.The budget marks a significant strategic shift toward long-term asset creation, with Capital Expendit…
New Delhi, Feb 25 (IANS) Union Minister for Heavy Industries and Steel, HD Kumaraswamy, on Wednesday said the government’s allocation of Rs 12.2 lakh crore as capital expenditure (capex) in the Budget for 2026-27 would propel India’s construction equipment industry towards global leadership.He underscored the critical role of a robust financing architecture in accelerating India’s infrastructure and manufacturing ambitions, while addressing the Annual Construction Equipment Finance Conclav…
Ranchi, Feb 24 (IANS) Jharkhand Finance Minister Radha Krishna Kishore on Tuesday presented a Rs 1,58,560 crore Budget for 2026-27 in the Assembly. He described it as the “Abua Dishom Budget” which will carry forward inclusive, sustainable, and welfare-oriented development in the state.Calling it a roadmap for “Abua Jharkhand” (Our Jharkhand), the Finance Minister said the Budget reflects the government’s resolve to wipe the tears of the poor and bring smiles to every citizen.The Budge…