Author: pearlinekelleher
Government of India to provide Rs 15,000 crore to States for Capital Expenditure
The Ministry of Finance, Government of India has decided to provide an additional amount of uptoRs 15,000 crore to Statesas interest free 50 year loan for spending on capital projects. The Department of Expenditure has issued fresh guidelines in this regard on the “Scheme of Financial Assistance to States for Capital Expenditure” for the financial year 2021-22.The Finance Minister had in her budget speech announced that the Centre would take measures to nudge States to spend more on infrastructure and to incentivize disinvestment of their public sector enterprises. Capital expenditure creates employment, especially for the poor and unskilled, has a ... Read more