To foster the spirit of 'Jan Bhagidari', the Department of Economic Affairs, Ministry of Finance invites suggestions from citizens every year, to make the Budget-making process participative and inclusive.

New Delhi [India], September 9 (ANI): An empowered committee headed by NITI Aayog CEO Parmeswaran Iyer on Friday approved incentives for mobile manufacturing under the 'Large-Scale Electronics Manufacturing' sector.

Mumbai (Maharashtra) [India], August 24 (ANI): To expedite the implementation of infrastructure projects across the country, the Infrastructure Finance Secretariat (IFS), established under the Department of Economic Affairs, Ministry of Finance, organised an outreach workshop with representation from state governments of Maharashtra, Gujarat, Karnataka and Andhra Pradesh.

New Delhi [India], July 8 (ANI): Emphasising on inclusive growth, Prime Minister Narendra Modi on Friday said India is preparing a roadmap for the coming 25 years with "reforms by conviction rather than reforms by compulsion".

Colombo [Sri Lanka], June 24 (ANI): India provided a humanitarian consignment worth more than SLR 3 billion to Sri Lanka, which is facing the worst economic crisis since its independence.

New Delhi [India], June 20 (ANI): Government revenues have taken a hit following cuts in excise duties on diesel and petrol, posing an upside risk to the budgeted level of gross fiscal deficit, the Department of Economic Affairs said in its Monthly Economic Review for May 2022.

New Delhi [India], June 8 (ANI): The size of the Indian economy is projected to cross $5 trillion in 2026-27 and likely to become $20 trillion by 2040, Chief Economic Advisor Anantha V Nageswaran said on Wednesday.

New Delhi [India], May 30 (ANI): Inflation is likely to come down in the coming months as the government as well as the central bank have taken the required measures to cool down the price rise, Ajay Seth, Secretary, Department of Economic Affairs, said on Monday.

New Delhi Jan 20 PTI In a bid to spur capital expenditure the Finance Ministry has relaxed spending norms for the fourth quarter with a view to boost economic activities slowed down due to the impact of COVID-19 As per the existing guidelines more than 33 per cent and 15 per cent of the budget estimates BE shall be permissible to be spent by ministries and departments in the last quarter and last month of the financial year respectively It has now been decided to relax the upper limit of 33 per cent of the BE as applicable for the last quarter of the current financial year as a one-time measure the Department of Economic Affairs under the Finance Ministry said in an office memorandum This is subject to the condition that the ceiling of revised estimate RE for 2021-22 is not exceeded the memorandum dated January 19 2021 said For the items of capital expenditure the ceiling of 15 per cent of the BE in the last month for this fiscal is also relaxed provided the capital or overall expenditure is within the RE 2021-22 ceiling it said In view of relaxation ministries and departments have been asked to carry out consequential modifications in their quarterly expenditure plan QEPmonthly expenditure plan MEP The relaxation is applicable with immediate effect for the current financial year or until further order PTI DP RDK RDK

The Government of India, Government of Andhra Pradesh and the World Bank on 18th November 2021 signed the legal agreements for $250 million for a project which aims to improve quality of learning for over 50 lakh students in the state of Andhra Pradesh. India, World Bank Sign Loan Agreement To Improve Quality of Learning for Over […]