-Financial Express 2022-23 expenses likely to be the second highest since FY21 The government’s food subsidy expenses in the current fiscal are likely to cross Rs 3.1 trillion, up 50% from the outlay made at the beginning of the year. Sources told FE that the estimated food subsidy expenses in 2022-23 would be the second highest since FY21, when the finance ministry had made a provision of Rs 5.4 trillion, of which Rs...

-PTI/ The Telegraph Confederation of Indian Industry, which was part of the virtual pre-Budget meeting, calls for an aggressive focus on privatisation of public sector units The Budget should focus on measures to accelerate job creation and broaden the tax base by rationalising GST and personal income tax slabs to boost consumption, industry bodies said in their pre-Budget meeting with finance minister Nirmala Sitharaman on Monday. "The external scenario is likely to continue...

-PTI/ Business Standard On November 22, Sitharaman would meet agriculture and agro processing industry, representatives from financial sector and capital markets Finance Minister Nirmala Sitharaman will kick-start the customary pre-Budget meetings beginning Monday with a special focus on issues concerning climate change and infrastructure. The minister would hold virtual meetings on November 21 in three groups with industry chambers, infrastructure sector and environment experts seeking suggestions for the 2023-24 Budget making from stakeholders. On...

-Hindustan Times The umbrella body of Residents’ Welfare Associations (RWAs) in Delhi have issued a charter of demands seeking a more ‘liveable, breathable and commutable’ city. The umbrella body of Residents’ Welfare Associations (RWAs) in Delhi have come up with a ‘People’s Manifesto’ for the upcoming Municipal Corporation of Delhi (MCD) elections, issuing a charter of demands seeking a more “liveable, breathable and commutable” city. The manifesto issued by United RWAs Joint Action...

-Press release by World Bank dated November 14, 2022 NEW DELHI: A new World Bank report estimates that India will need to invest $840 billion over the next 15 years—or an average of $55 billion per annum—into urban infrastructure if it is to effectively meet the needs of its fast-growing urban population. The report, titled “Financing India’s Urban Infrastructure Needs: Constraints to Commercial Financing and Prospects for Policy Action” underlines the...