Frankfurt: Finance officials from the Group of Seven rich democracies said they had moved toward agreement on a US proposal to squeeze more money for Ukraine from Russian assets frozen in their countries. But the ministers left a final deal to be worked out ahead of a June summit of national leaders. “We are making … Read more
Mumbai: As many as 23 states are set to miss the budgeted capital spending by around Rs 1 lakh crore this fiscal, according to a report. In the first three quarters, the states’ capex grew just 11.6 per cent, which is trailing by 30 per cent of the budgeted targets. This is despite an improvement … Read more
The states’ market borrowings have jumped 55 per cent to Rs 3.75 lakh crore so far this fiscal, or 75 per cent of the budgeted amount, with 17 of them raising an additional Rs 22,350 crore from the latest auction of state development loans held on Tuesday. Rising expenses and falling revenue, including the Centre’s … Read more