India's Finance Ministry eases cash management rules for large expenditures to boost capital spending.
India's Finance Ministry has relaxed cash management rules for expenditures over ₹500 crore to enhance capital spending, currently projected at ₹11.11 lakh crore for the fiscal year. This adjustment aims to counteract a slowdown in government spending, particularly following recent elections. The new guidelines eliminate previous restrictions on fund releases, allowing greater flexibility for ministries to execute their budgets efficiently.
September 03, 2024
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