Revenue expenditure: This is expenditure on recurring items, including the running of services and financing capital spending that is paid for by borrowing. This is meant for normal running of governments’ maintenance expenditures, interest payments, subsidies and transfers etc. It is current expenditure which does not result in the creationContinue Reading

MUMBAI: A benchmark index for Indian markets Tuesday provisionally closed 232 points higher with metals, energy and realty stocks leading the gainers. The 30-scrip sensitive index ( Sensex) of the Bombay Stock Exchange (BSE) opened at 17,680.23 points, closed at 17,820.14 (provisional), 232.47 points or 1.32 percent compared to itsContinue Reading

India is set to emerge as the global development and manufacturing hub for Swedish bus maker Volvo Bus Corporation’s Asia range over the next four years. The Hero group and Honda of Japan, who had combined their names to build the world’s largest-selling two-wheeler company, have ended their 26-year-old association.Continue Reading