• ABOUT US
  • CONTACT
  • TEAM
  • TERMS & CONDITIONS
  • GUEST POSTS
Sunday, October 26, 2025
  • Login
Economy India
No Result
View All Result
  • Home
  • Economy
  • Business
  • Companies
  • Finance
  • People
  • More
    • Insurance
    • Interview
    • Featured
    • Health
    • Technology
    • Entrepreneurship
    • Opinion
    • CSR
    • Stories
  • Home
  • Economy
  • Business
  • Companies
  • Finance
  • People
  • More
    • Insurance
    • Interview
    • Featured
    • Health
    • Technology
    • Entrepreneurship
    • Opinion
    • CSR
    • Stories
No Result
View All Result
Economy India
No Result
View All Result
Home Economy

Budget 2022-2023: Economy hit by Covid, departments told to explore PPP model

by Economy India
November 18, 2021
Reading Time: 2 mins read
FEATURED IMAGE ECONOMY INDIA 1 1
SHARESHARESHARESHARE

It has been reported that With the Covid pandemic playing havoc with the state’s economy, the Haryana Government has asked its departments to explore the possibilities of public-private partnership (PPP) in development projects in the run-up to the 2022-23 Budget.

In the wake of Covid, the government is functioning under stress as the state’s economy faced a setback on account of lockdown-induced stagnation. Finance Department

ADVERTISEMENT

Initiating the process for the finalisation of the Budget Estimates for the financial year 2022-23, the Finance Department underlined “the unprecedented crisis on account of Covid pandemic.”

Economic Crisis

“In the wake of the Covid pandemic and its far-reaching effects, the state government is functioning under stress as the state’s economy faced a setback on account of lockdown-induced stagnation,” the Finance Department said.

A direct fallout of the economic crisis triggered off by the Covid pandemic, sources said, had been that the expenditure of a number of departments had increased during 2021-22. “At the same time, development activities have been deferred for the next year (2022-23),” a senior officer said.

Since the resources at the disposal of the state government may not be adequate to finance development activities, the private sector had to be roped in for execution of the projects.

“The possibilities of the new projects under PPP may be explored to invite private entrepreneurship and capital into areas being regulated by the departments,” the Finance Department said.

Finance Portfolio

Besides the private sector, the departments had been advised to formulate schemes by augmenting resources from public sector undertakings, including the National Bank Agriculture and Rural Development (NABARD) and the National Capital Region Planning Board (NCRPB).

The Finance Department said the scheme-wise proposals for 2022-23 should be “realistic” and formulated on the basis of the actual expenditure of the previous years.

What’s in store

Chief Minister Manohar Lal Khattar, who also holds the finance portfolio, had presented a record Budget of Rs 1.55 lakh crore for the year 2021-22. With Covid throwing the state’s finances haywire, it would interesting to see if Khattar surpasses last year’s Budget outlay.

(Economy India)

CSR Leadership Summit
ADVERTISEMENT
India CSR Awards
ADVERTISEMENT
ESG Professional Network
ADVERTISEMENT
Tags: Business Updates on Indian EconomyCurrent Updates of Indian EconomyEconomic CrisisEconomic Development of IndiaEconomy IndiaEconomy India UpdatesEconomy NewsEconomy News of IndiaEconomy News Portal of IndiaEconomy News UpdatesEconomy Updates from IndiaFinance PortfolioIndia EconomicIndian EconomyIndian Economy OutlookIndian Economy UpdatesLatest Development on Indian EconomyLatest Updates on Indian EconomyNews Around Economy of IndiaNews on Indian EconomyNews on World of Indian EconomyOverview of Indian EconomyRecent Development in Indian Economy
Economy India

Economy India

Economy India is one of the largest media on the Indian economy. It provides updates on economy, business and corporates and allied affairs of the Indian economy. It features news, views, interviews, articles on various subject matters related to the economy and business world.

Related Posts

Pakistan’s Total Public Debt Crosses $286 Billion in FY2024-25, Rising 13% Year-on-Year
Economy

Pakistan’s Total Public Debt Crosses $286 Billion in FY2024-25, Rising 13% Year-on-Year

October 25, 2025
Trump’s 100% Tariff on China Triggers $1.5 Trillion Market Meltdown
Economy

Trump’s 100% Tariff on China Triggers $1.5 Trillion Market Meltdown

October 13, 2025
India’s Trade Deficit Expected to Reach ₹2.5 Lakh Crore in September 2025
Economy

India’s Trade Deficit Expected to Reach ₹2.5 Lakh Crore in September 2025

October 13, 2025
India Extends Export Duty and Tax Refund Scheme (RoDTEP) Until March 2026: A Comprehensive Analysis
Economy

India Extends Export Duty and Tax Refund Scheme (RoDTEP) Until March 2026: A Comprehensive Analysis

September 30, 2025
Trump Slaps 100% Tariff on Branded Drugs from October 1; India, Key Exporter, Faces Uncertainty
Economy

Trump Slaps 100% Tariff on Branded Drugs from October 1; India, Key Exporter, Faces Uncertainty

September 26, 2025
GST 2.0: FMCG Firms Expect Full Price Alignment Within Two Months
Economy

GST 2.0: FMCG Firms Expect Full Price Alignment Within Two Months

September 24, 2025
Next Post
FEATURED IMAGE ECONOMY INDIA 1 1

Confidence along urban Indian consumers showed a minor uptick of 0.9% points in November

16th CSR Leadership Summit 2025
ADVERTISEMENT
India CSR Awards
ADVERTISEMENT

LATEST NEWS

UP CM Yogi Adityanath Meets PM Modi in New Delhi, Discusses State’s Development Agenda

Odisha Approves ₹1.46 Lakh Crore Investment Across 33 Projects, Including Adani’s Coal-to-Chemical Venture

Pakistan’s Total Public Debt Crosses $286 Billion in FY2024-25, Rising 13% Year-on-Year

Gold Prices Plunge ₹1,836 in a Day, Silver Falls ₹4,417: 7-Day Decline Wipes Out ₹9,356 from Gold’s Value

LIC Faces Political Storm Over ₹33,000 Crore Investment in Adani Group After US Media Report

HUDCO Signs ₹5,000 Crore MoU with JNPA to Boost Port Infrastructure Development

Aditya Birla Sun Life AMC Posts ₹241 Crore Net Profit in Q2; Margins Remain Stable

Ola CEO Bhavish Aggarwal Booked for Abetment of Suicide: Engineer’s Death Sparks Major Controversy

  • ABOUT US
  • CONTACT
  • TEAM
  • TERMS & CONDITIONS
  • GUEST POSTS

Copyright © 2024 - Economy India | All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Business
  • Companies
  • Finance
  • People
  • More
    • Insurance
    • Interview
    • Featured
    • Health
    • Technology
    • Entrepreneurship
    • Opinion
    • CSR
    • Stories

Copyright © 2024 - Economy India | All Rights Reserved