logo
Govt kickstarts exercise for 5-yearly approval of CSSs, CSs

Govt kickstarts exercise for 5-yearly approval of CSSs, CSs

Time of India29-05-2025
The
Finance Ministry
on Thursday said the government has kickstarted an elaborate exercise for five yearly appraisals and approval of
centrally sponsored schemes
and
central sector schemes
to be made effective from April 1, 2026.
The Department of Expenditure under the Ministry of Finance on Thursday organised a workshop chaired by
Cabinet Secretary
T V Somanathan with the Secretaries of various ministries and departments.
Finance Secretary Ajay Seth, Expenditure Secretary Vumlunmang Vualnam and other senior officers were also present.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Never Put Eggs In The Refrigerator. Here's Why...
Car Novels
Undo
Through the workshop, the government has "initiated an elaborate exercise for 'Appraisal and Approval of the Centrally Sponsored Schemes (CSSs) and the Central Sector Schemes (CSs)' for their continuation over the next five years. The new five-year cycle will start on April 1, 2026, and is aligned with the 16th Finance Commission (FC) cycle," the ministry said.
During the meeting, the Cabinet Secretary emphasised the rigour of the evaluation process and urged the secretaries to use its recommendations to recalibrate the design and architecture of the scheme, remove redundancies and ineffective suboptimal interventions, merge schemes and close schemes which have either outlived their utility or have fulfilled their objectives. This will enable optimum deployment of scarce public resources, a finance ministry statement said.
Live Events
Secretaries were informed about the norms likely to be used for deciding the resource envelopes of each department/ministry for its schemes over the next five-year cycle. There are 54 CSSs and 260 CSs which have their terminal date of approval till March 31, 2026 and are likely to be submitted for re-appraisal.
A majority of these will also require fresh approval of the Cabinet.
Schemes cover a wide gamut from social sectors like health, women and child development, school and higher education, and tribal welfare to the agriculture sector, urban and rural infrastructure, water and sanitation, environment, scientific research etc.
The Department of Expenditure also stressed the quality and effectiveness of
public expenditure
, and in this context, highlighted that such exercise in the past had allowed the central government to enhance its budgeted capital expenditure substantially, which now stands at Rs 11.21 lakh crore for FY 2025-26.
The policy of evaluation of ongoing schemes and having a sunset date for each scheme was articulated by the government in the Union Budget Speech of 2016, which stated that in order to improve the quality of public expenditure, every scheme will have a sunset date and an outcome review.
Accordingly, the schemes have been aligned with the Finance Commission cycles, and their continuation is based on the evaluation of each scheme by a third party.
The government has been funding the development needs of the country through various CSSs and CSs.
While in the case of CSs, the government bears 100 per cent of the cost, in the case of CSSs, the scheme expenditure is shared in a predefined ratio between the central and the state governments.
It has been a constant endeavour of the Ministry of Finance to enhance the quality of expenditures made under schemes through contemporaneous design and architecture and better targeting.
The Development Monitoring Evaluation Organisation (DMEO) in Niti Aayog conducts an evaluation of the CSSs while the evaluation of the CSs is being conducted by third-party agencies selected by the ministry concerned. PTI
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Karur Vysya Bank unveils 1:5 bonus share issue, sets record date in August
Karur Vysya Bank unveils 1:5 bonus share issue, sets record date in August

Time of India

time30 minutes ago

  • Time of India

Karur Vysya Bank unveils 1:5 bonus share issue, sets record date in August

Karur Vysya Bank on Thursday announced a 1:5 bonus share issue, marking its first such move in seven years, alongside reporting a double-digit rise in first-quarter earnings. The private sector lender's board announced the issuance of '1 (one) equity share of face value Rs 2/- each for every 5 (five) fully paid-up equity share of Rs 2/- each held by the Members of the Bank as on the Record Date (mentioned below), subject to the approval of the Members of the Bank at the ensuing AGM and other statutory and regulatory approvals, if any.' Explore courses from Top Institutes in Please select course: Select a Course Category MBA Data Science Project Management Technology PGDM Operations Management Public Policy Digital Marketing Healthcare healthcare Management others Leadership Others Artificial Intelligence Design Thinking CXO Finance Data Science Product Management Data Analytics MCA Cybersecurity Degree Skills you'll gain: Analytical Skills Financial Literacy Leadership and Management Skills Strategic Thinking Duration: 24 Months Vellore Institute of Technology VIT Online MBA Starts on Aug 14, 2024 Get Details Skills you'll gain: Financial Management Team Leadership & Collaboration Financial Reporting & Analysis Advocacy Strategies for Leadership Duration: 18 Months UMass Global Master of Business Administration (MBA) Starts on May 13, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Redefine Your Future with a Top Online MBA JAIN Online Learn More Undo The record date for determining eligible shareholders is August 26, 2025. This will be the fourth time Karur Vysya Bank has rewarded shareholders with a bonus issue . The previous instances were in 2002 (1:1), 2010 (2:5), and 2018 (1:10). The current issuance will see approximately 16.11 crore equity shares of face value Rs 2 each allotted, amounting to Rs 32.23 crore. Shares of Karur Vysya Bank were trading 0.3% lower at Rs 270.15 on the BSE on Thursday, just below its 52-week high of Rs 277.5. Live Events Q1 Results The bonus issue announcement came alongside the bank's Q1 FY26 results. The lender reported a net profit of Rs 521.45 crore for the June quarter, up 13.7% year-on-year from Rs 458.65 crore in the same period last year. Interest income grew 12% YoY to Rs 2,569 crore, compared to Rs 2,287 crore in Q1 FY25. Also read | Adani Energy Solutions shares down 36% from peak. Can the stock breakout above Rs 940 after Q1 earnings?

India-UK FTA: Three year exemption from social security contribution in UK major breakthrough, says Piyush Goyal
India-UK FTA: Three year exemption from social security contribution in UK major breakthrough, says Piyush Goyal

Time of India

time32 minutes ago

  • Time of India

India-UK FTA: Three year exemption from social security contribution in UK major breakthrough, says Piyush Goyal

The three-year exemption from social security contributions in UK as part of the Double Contribution Convention is a "significant breakthrough" for Indian workers and their employers, Union Minister Piyush Goyal said on Thursday. Goyal further said India's talent in IT, services and education will gain from easier access to the UK's high-value markets with the two sides signing the "landmark" trade deal. Explore courses from Top Institutes in Please select course: Select a Course Category Finance Artificial Intelligence Leadership Management Product Management Data Analytics Healthcare Data Science Digital Marketing Others Public Policy others Project Management Technology PGDM Degree Data Science CXO Design Thinking Operations Management Cybersecurity healthcare MCA MBA Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Fintech & Blockchain India Starts on undefined Get Details Skills you'll gain: Duration: 9 Months IIM Calcutta SEPO - IIMC CFO India Starts on undefined Get Details India and the UK have inked a free trade agreement (FTA) that will slash tariffs on British whisky, cars and an array of items, besides help double bilateral trade by 2030, from USD 56 billion currently. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Paul Gascoigne's Actual House Left Us With No Words - Take A Look Ohi Blog Undo The deal was signed by Commerce Minister Piyush Goyal and his British counterpart Jonathan Reynold in the presence of Prime Minister Narendra Modi and his British counterpart Keir Starmer. Taking to X, Goyal said: "India's talent in IT, services, and education will gain from easier access to the UK's high-value markets." Live Events He described the three-year exemption from social security contributions in the UK (as part of the Double Contribution Convention) as a significant breakthrough for Indian workers and their employers. "The #IndiaUKFTA will open doors to UK customers, investors, and innovation hubs for our startups, helping them expand their global footprint," according to Goyal. The India-UK FTA is also poised to supercharge India's electronics exports. Zero-duty access is expected to accelerate exports of electronic products with optical fiber cables and inverters set to strengthen India's foothold in the UK market. It would also spur software services growth , as ambitious UK commitments for software and IT-enabled services are seen unlocking new markets, driving job creation, and enhancing opportunities for Indian software firms. Competitive access for software development and network infrastructure is also expected to fuel growth in digital trade.

IEX Q1 Results: Cons PAT jumps 25% YoY to Rs 120 crore, revenue rises 19%
IEX Q1 Results: Cons PAT jumps 25% YoY to Rs 120 crore, revenue rises 19%

Time of India

time33 minutes ago

  • Time of India

IEX Q1 Results: Cons PAT jumps 25% YoY to Rs 120 crore, revenue rises 19%

Indian Energy Exchange (IEX) on Thursday reported a 25% year-on-year jump in its consolidated net profit for the quarter ended June 30, 2025 to Rs 120 crore versus Rs 96 crore reported in the year-ago period. Revenue in the quarter stood at at Rs 184.2 crore, increasing by 19% from Rs 154 crore posted in the corresponding quarter of the last financial year. Explore courses from Top Institutes in Please select course: Select a Course Category healthcare Technology Artificial Intelligence Design Thinking Data Analytics CXO others Others Product Management Leadership PGDM Degree Digital Marketing Cybersecurity Operations Management MCA Healthcare Public Policy Finance Project Management Management MBA Data Science Data Science Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML Healthcare Management India Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Even Beautiful Women Have Their 'Oops' Moments Read More The earnings were announced after market hours and IEX shares plunged 29% to settle at Rs 132.45 on the BSE following the Central Electricity Regulatory Commission's (CERC) formal approval to the implementation of market coupling for India's power sector. India's power trading exchange reported electricity volumes at 32.4 BUs in in Q1FY26 which increased 14.9% YoY. In its filing to the exchanges, IEX said that 52.7 lakh RECs traded during Q1FY26, increasing 149.3% YoY. Live Events More to come...

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store