Cost overruns declined further in May to 19.86% https://ift.tt/8qQ3Uph anticipated costs of 1,681 projects were Rs 4.8 lakh crore, higher than the original cost of Rs 24.2 lakh crore. Nearly half of the infrastructure projects worth Rs 150 crore and more monitored by the ministry were delayed with respect to the original schedule, of which another 607 were delayed with respect to the latest schedule as well.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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