India to use revenue surge to fund welfare drives, not beat fiscal deficit target: Sources

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India will utilise a big bump in revenue collection to fund welfare programmes instead of trying to beat its fiscal deficit target or lower borrowing, two government sources told Reuters. The country is set to exceed its 2020/21 revenue collection target of Rs 15.45 lakh crore ($207.77 billion), the first beat in four years, but … Read more

Flagship missions’ revamp on cards in runup to state polls

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New Delhi: The Centre is working to revamp its flagship missions, including Smart City Mission, Pradhan Mantri Awas Yojana and all educational scholarship schemes, to ensure improved implementation and beneficiary outreach. The government has adopted a goal-oriented approach and the new contours of the flagship missions and welfare programmes would be in place by March. … Read more