Latest Fiscal Transfers News & Updates

Rural Transformation Driven by Fiscal Commitment, Budget Allocations Surge Over 211% in a Decade

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Mumbai, Feb 14 (IANS) Sustained fiscal commitment has driven rural transformation, with rural development budget allocations rising over 211 per cent in a decade to Rs 2.73 lakh crore in 2026-27, according to an official statement.The poverty has declined significantly, with extreme poverty at 5.3 per cent in 2022-23 less than the global average and multidimensional poverty down to 11.28 per cent in 2023 from 55.3 per cent in 2005–06, the statement said.Rural connectivity is near‑universal, …