Government to sustain capex push despite fiscal stress due to global uncertainties: Finance Ministry official

admin — Fri, 01 May 2026 17:00:00 +0000

V. Vualnam, Secretary, Department of Expenditure. File
| Photo Credit: Bijoy Ghosh

The government will proceed with the planned ₹12.22 lakh crore capital expenditure in the current fiscal to maintain the growth momentum despite the fiscal stress arising from the ongoing West Asia conflict, a senior official said on Friday (May 1, 2026).

Expenditure Secretary V. Vualnam said the upcoming few quarters and the coming year would possibly have a “lot of stress points”. Tax buoyancy could be impacted by a cut in excise duties on petrol and diesel brought about in late March.

Published – May 01, 2026 10:30 pm IST

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Centre releases ₹1.73 lakh crore towards tax devolution to states

admin — Fri, 10 Jan 2025 11:20:05 +0000

Union Finance Minister Nirmala Sitharaman
| Photo Credit: ANI

The Centre on Friday (January 10, 2025) released tax devolution of ₹1.73 lakh crore to the state governments to accelerate capital expenditure and finance welfare activities.

“A higher amount is being devolved this month to enable states to accelerate capital spending and finance their development and welfare-related expenditures,” the finance ministry said in a statement.

The Union government has released tax devolution of ₹1,73,030 crore to state governments on Friday, as against the devolution of ₹89,086 crore in December 2024, the ministry added.

Currently, 41% of taxes collected by the Centre is devolved in instalments among states during a fiscal year.

Published – January 10, 2025 04:50 pm IST

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Government to sustain capex push despite fiscal stress due to global uncertainties: Finance Ministry official

Centre releases ₹1.73 lakh crore towards tax devolution to states