According to the data released by the Controller General of Accounts (CGA) on Friday, capex in October contracted 8.4 per cent while revenue expenditure, excluding interest payments, rose 41.9 per cent during the month.
During April-October period, capex contracted 14.7 per cent while revenue expenditure grew 8.6 per cent, leading to the total expenditure expanding 3.3 per cent.
Nominal GDP growth in the second quarter and the first half of FY25 amounts to only 8 per cent and 8.9 per cent respectively. "If this trend persists, even the growth of the government's gross tax revenue may be adversely affected," DK Srivastava, chief policy advisor, EY India said.
هذه القصة مأخوذة من طبعة November 30, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة November 30, 2024 من Business Standard.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
Jay Shah takes over as ICC chairman
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Nine states bet $18 bn on women's empowerment
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Pollution rises while funds gather dust
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Robust taxes ease burden of freebies on states
The evolving dynamics of state-level politics in India highlight the increasing prominence of welfare schemes and subsidies as decisive factors in elections.
Monetary policy: Hobson's choice before RBI
This policy comes at a time when growth is slowing, inflation is still pretty high, and the rupee has started losing value against the dollar
CONSOLATION PRIZES
UN climate summit in Baku leaves the developing world with crumbs
SFBs: The canter on a chequered terrain
Segmental and geographical expansion, undergirded by strong and increasing presence in semi-urban and rural markets with large untapped potential, will help small finance banks (SFBs) clock robust 25-27 per cent growth in advances this financial year, just shy of 28 per cent in the previous year.
Now boarding
Governance premium is set to go up by many notches and banks will be put through the wringer, reports RAGHU MOHAN
