Discretionary Fund

The AAP-led MCD on Tuesday proposed to increase the financial powers of Mayor Shelly Oberoi with the diversion of Rs 1,500 crore from the 2023-24 budgetary allocation to her discretionary fund, a move opposed by opposition BJP councillors.

The Madhya Pradesh government on Saturday doubled the annual discretionary fund of cabinet ministers from Rs 50 lakh to Rs one crore, and that of ministers of state from Rs 35 lakh to Rs 60 lakh.

Pakistan's new government has banned the discretionary use of state funds and first-class air travel by officials and leaders, including the president and the prime minister, as part of its austerity drive.

Former Uttar Pradesh Chief Minister Akhilesh Yadav had doled out a whopping Rs 497 crore from his discretionary fund during his tenure in office between 2012-17, an RTI response has revealed.

Haryana Sports and Youth Affairs Minister Anil Vij announced that Sakshi Malik will also be given Rs 21 lakh out of his discretionary fund and a plot measuring 500 square yards

Haryana minister Manish Grover today announced Rs 11 lakh for Dera Sacha Sauda from his discretionary fund for "promotion of games" in the state. Sports Minister Anil Vij had announced Rs 50 lakh earlier.

To curb discretionary disclosures and ensure more transparency for investors, Sebi on Tuesday came out with a detailed set of norms on circumstances under which asset management companies can restrict redemptions and such moves should be immediately informed to the market regulator.

In February, portfolio managers individually handled assets worth Rs 5.75 lakh crore for discretionary services, Rs 1.38 lakh crore for advisory services and another Rs 39,277 crore for non-discretionary investments.

The AAP-led MCD on Tuesday proposed to increase the financial powers of Mayor Shelly Oberoi with the diversion of Rs 1,500 crore from the 2023-24 budgetary allocation to her discretionary fund, a move opposed by opposition BJP councillors.

The Madhya Pradesh government on Saturday doubled the annual discretionary fund of cabinet ministers from Rs 50 lakh to Rs one crore, and that of ministers of state from Rs 35 lakh to Rs 60 lakh.

Pakistan's new government has banned the discretionary use of state funds and first-class air travel by officials and leaders, including the president and the prime minister, as part of its austerity drive.

Former Uttar Pradesh Chief Minister Akhilesh Yadav had doled out a whopping Rs 497 crore from his discretionary fund during his tenure in office between 2012-17, an RTI response has revealed.

Haryana Sports and Youth Affairs Minister Anil Vij announced that Sakshi Malik will also be given Rs 21 lakh out of his discretionary fund and a plot measuring 500 square yards

Haryana minister Manish Grover today announced Rs 11 lakh for Dera Sacha Sauda from his discretionary fund for "promotion of games" in the state. Sports Minister Anil Vij had announced Rs 50 lakh earlier.

To curb discretionary disclosures and ensure more transparency for investors, Sebi on Tuesday came out with a detailed set of norms on circumstances under which asset management companies can restrict redemptions and such moves should be immediately informed to the market regulator.

In February, portfolio managers individually handled assets worth Rs 5.75 lakh crore for discretionary services, Rs 1.38 lakh crore for advisory services and another Rs 39,277 crore for non-discretionary investments.