Government Finance
Latest news, explainers and analysis on Government Finance. Tracking 4 stories on Arth Vani.
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Latest on Government Finance
Mizoram CM Lalduhoma Launches Four Digital Financial Initiatives for Transparency
Mizoram Chief Minister Lalduhoma has unveiled four new digital financial initiatives aimed at enhancing transparency and efficiency within the state's financial administration. While specific details of these initiatives are yet to be disclosed, the move underscores the government's commitment to leveraging technology for improved governance and public service delivery.
BreakingCentre Set to Surpass ₹80,000 Crore Disinvestment Target for FY27, First Time Since FY19
The Indian government is poised to exceed its ₹80,000 crore disinvestment target for the fiscal year FY27, a feat not achieved since FY19. This significant milestone is primarily driven by the strategic sale of IDBI Bank, valued at over ₹52,878 crore, alongside other minority stake sales.
BreakingIndia's Fiscal Gap Widens to ₹7.1 Lakh Crore by August on Higher Spending
India's fiscal deficit, the gap between government income and expenditure, reached ₹7.1 lakh crore between April and August of the current financial year. This increase is primarily attributed to higher government spending on crucial capital projects and various subsidies.
BreakingRBI Expects Minimal Cost from Record Dollar Inflows Amid High US Treasury Yields
The Reserve Bank of India (RBI) anticipates low costs despite managing a significant influx of foreign currency, or 'dollar deluge'. This is primarily due to high interest rates on US government bonds, which are expected to offset potential hedging expenses. This scenario could also reduce the central bank's currency intervention costs and potentially impact future surplus transfers to the government.
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