allocated

South Africa’s plan to split state power utility Eskom into three units envisions most of its R439 billion ($23.6 billion) of debt being allocated to the generation business, which utilised most of the money. About R40 billion of debt will…

Union Finance Minister Nirmala Sitharaman presents the Union Budget 2023-24 in the Rajya Sabha on the second day of Budget Session of Parliament in New Delhi on Wednesday. | Photo Credit: ANI The Ministry of Science & Technology has…

Union Finance Minister Nirmala Sitharaman speaks during a post-budget press conference, in New Delhi on Wednesday, February 1, 2023. | Photo Credit: PTI After having to make do with funds from the Social Justice Ministry’s contingency…

Finance Minister Nirmala Sitharaman holding the Budget Papers, ahead of the presentation of the Union Budget 2023-24. | Photo Credit: The Hindu Businessline Finance Minister Nirmala Sitharaman presented the Union Budget 2023-24 in the…

Union Minister Ashwini Vaishnav says 5G would be allocated on August 10. Union Minister indicated services would begin in October. The government offered spectrum in 10 bands but not 600 MHz. Ashwini Vaishnav, Union Minister for…

More than R308 billion has been allocated in the Budget to bailing out failing state-owned enterprises (SOEs). The government has admitted military and aerospace equipment manufacturer Denel cannot meet its obligations as they fall due and…

The government could allocate a big chunk of the revised estimate of ₹15,000 crore for bank capitalisation allocation for 2021-22 to banks identified for privatisation, as it is confident of moving ahead on its privatisation plans by the…

The allocation to the government’s autonomous body Prasar Bharati has been reduced to ₹2,555.29 crore from ₹2,640.11 crore allotted to it in the last fiscal. Union Finance Minister Nirmala Sitharaman on February 1 announced a…

The government in the last Budget had provisioned Rs 35,000 crore towards Covid vaccination for the 2021-22 fiscal. The amount has been upped to Rs 39,000 crore in the revised estimates. The government has earmarked Rs 5,000 crore in the…

The Ministry of Education has received a record budgetary allocation for the upcoming financial year. The Ministry has been allocated Rs 1,04,277.72 crore for the financial year (FY) 2022-23. This budgetary allocation witnessed a jump of…