Articles for tag: Bold, Caps, Eases, Economic, Expenditure, Finance, Growth, Indias, Minister, Move

India’s Bold Move: Finance Minister Eases Expenditure Caps for Economic Growth

The Finance Ministry has announced relaxed spending norms for capital expenditures over Rs 500 crore, aiming to boost this fiscal year’s capital expenditure, which is set at an ambitious Rs 11.11 trillion. This decision comes as government spending slowed down during the recent general elections. Finance Minister Nirmala Sitharaman proposed an 11.1% increase in capital ...