#government-spending
Fuel hikes driven by OMCs , govt took Rs 1 lakh cr hit to shield consumers : FM Sitharaman
Government forwent Rs 1 lakh crore via excise duty cuts to shield consumers from fuel inflation: FM
India's Finance Minister Nirmala Sitharaman explains recent fuel price increases are market-driven by oil companies. She noted the government previously absorbed over Rs 1 lakh crore in revenue through excise duty cuts to protect consumers from inflation. The…
Arvind Panagariya on what RBI transfer of ₹2.87 lakh cr surplus to govt means for Indian economy
The Reserve Bank of India's record ₹2.87 lakh crore dividend transfer offers crucial fiscal support amid global economic turbulence. This substantial sum will bolster government spending on infrastructure, subsidies, and welfare programs. Experts highlight it…
Ajit Ranade: Why India’s central bank should not turn into a fiscal stabilizer for the government
The Centre has been relying on the central bank’s surplus transfers to keep its fiscal deficit in check. This year’s transfer for 2025-26 may be even larger than last year’s record ₹2.7 trillion payout. The danger is what this reliance says about RBI indepen…
PM's austerity appeal effect: CREDAI shifts NATCON 2026 venue from Amsterdam to India
The real estate developers’ body said the decision was taken in line with the government’s broader call for conserving foreign exchange, reducing fuel consumption, and prioritising spending within the country during a period of global uncertainty.
₹1,600-1,700 crore a day: Cost of insulating India from global energy shock
About ₹1,600-1,700 crore per day, over ₹1 lakh crore in 10 weeks. That's the cost that state-owned oil firms incur for insulating Indian consumers from the global energy shock but ever-widening losses are now raising questions on how long they can continue be…
Rs 1,600-1,700 cr a day, Rs 1 lakh cr in 10 weeks: Cost of insulating India from global energy shock
State-owned oil firms are incurring massive daily losses, estimated at Rs 1,600-1,700 crore, to shield Indian consumers from global energy price shocks. This has led to over Rs 1 lakh crore in under-recoveries in 10 weeks, raising concerns about their financi…
Growth Over Deficit: Govt Shields Rs 12.22 Lakh Cr Capex Amid War Stress
Govt prioritises growth spending as oil shock, tax cuts and deficit pressures weigh on finances