Years before President Trump returned to the White House, his budget chief, Russell T. Vought, began mapping out a plan to shrink the federal government. In Mr. Vought’s design, spending would be slashed by about $9 trillion over the next decade. Entire federal programs — from housing vouchers to student loans — would be eliminated….
NEW DELHI: In a major push for education and entrepreneurship, Delhi Chief Minister and Finance Minister Rekha Gupta on Tuesday announced a slew of initiatives, including CM Shri schools, language laboratories, modern computer labs, and startup support centres. The government has allocated Rs 100 crore to set up new CM Shri schools and Rs 500…
This is an AI-generated image, used for representational purposes only. (Picture credit: DALL-E) The Australian government has unveiled its 2025-26 federal budget, focusing on cost-of-living relief, tax cuts, and support for households, students and businesses.With a general election approaching, Australia’s treasurer Jim Chalmers introduced several measures aimed at easing financial pressure on Australians while addressing…
NEW DELHI: A parliamentary panel has pointed to “chronic underutilisation of funds” by the food processing ministry for flagship schemes, including in Pradhan Mantri Kisan Sampada Yojana (PMKSY) and PM Formalisation of micro food processing enterprises scheme (PMFME). It said this reflects inadequate planning and execution by the ministry.The panel headed by former Punjab CM…
NEW DELHI: IIT Guwahati Professor D Udaya Kumar, who designed the “₹” symbol for Indian currency, distanced himself from the ongoing tussle between Centre and DMK-led Tamil Nadu government over three-language policyThe controversy escalated after the DMK government replaced the Devanagari rupee symbol with a Tamil letter in its logo for the budget.Udaya said that…
NEW DELHI: Union finance minister Nirmala Sitharaman on Thursday strongly hit out at Tamil Nadu chief minister MK Stalin for dropping rupee symbol from logo of the state budget, terming the move a “completely avoidable example of language and regional chauvinism”. The minister added that the DMK government’s action showcases “a dangerous mindset that weakens…
BHOPAL: Madhya Pradesh deputy CM and finance minister Jagdish Devda on Wednesday presented the state budget of Rs 4,21,032 crore for 2025-26, a 15% increase in outlay over the 2024-25 estimate of Rs 3,65,067 crore. There are no new taxes and no hike in existing taxes. Govt assured that no welfare scheme would be stopped,…
Finance Minister Nirmala Sitharaman NEW DELHI: The Lok Sabha on Tuesday approved additional government spending of Rs 51,463 crore for the current financial year and passed the Manipur Budget for 2025-26.The decision was taken as part of the second batch of supplementary demands for grants, which also included provisions for debt repayment and financial aid…
The stopgap spending bill that Republicans are pushing to avert a shutdown at the end of the week would effectively slash the District of Columbia’s budget by roughly $1 billion over the next six months, a change that local leaders warn would force dramatic cuts to essential services. The reductions are under consideration because of…
Representational (AP Photo) Governor Phil Murphy’s proposed 2025-26 state budget brings a major shake-up in school funding, cutting millions in state aid to 32 school districts in Central Jersey while increasing the overall state education budget to $22.2 billion, according to a report by My Central Jersey. According to the figures released by the state…