The higher salaries and pension outgo will be equivalent to about one per cent of the GDP.
FinMin officials say an announcement could be made in the Budget.
On the revenue front, the finance ministry was expecting higher proceeds from non-tax revenue.
Budget may bring exemption for those backed by Indian securities other than shares
Capex for next year expected to be up 25% to Rs 3 lakh crore
Modi govt faces extra spending burden due to policies like 7th Pay Commission and OROP
Monetary incentives under Skill India to small entrepreneurs, capital infusion into technology fund to help businesses expand operations
Urban mass transit authority to be set up; it will act as nodal agency for planning and coordination of project related works.
Chief economic advisor Arvind Subramanian discusses the Budget, goods and services tax, Centre-state relationship and larger issues facing the economy
Finance ministry's drive is meant to meet fiscal deficit target and improve overall efficiency in government spending.
Ministry considering tax sops for India's first global financial centre, steps to liberalise futures and options markets.
DMRC-like SPV to be floated in a month for the Rs 98,000 crore Mumbai-Ahmedabad corridor.
Agri experts are meeting FinMin ministry officials on Monday to give their inputs on the Budget.
The calculation is based on annual usage of eight cylinders per household.
The high-speed train line in a region already well-connected by rail, road and airways may have to struggle to stay viable
For a long time, the Indian economy has been drifting without a credible monetary anchor.
Experts say finding a solution within the high court-mandated timeline of six months may be tough.
A report, by DeGoyler and MacNaughton, has put a question mark on the future production from the five ONGC discoveries.
There are about 500,000 fair price shops in states and UTs combined.
The National Democratic Alliance won 64 seats.
© 2025 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances