Tag: Tax Revenue
Telangana urges 16th Finance Commission to increase states’ share in Central taxes to 50%
Hyderabad: The Telangana Government on Tuesday requested the 16th Finance Commission to increase the share of states in Central taxes from the existing 41 per…
Centre’s fiscal deficit narrows to 17.2% of FY25 target till July
The central government’s fiscal deficit in the first four months of this financial year hit 17.2% of the annual target, against 33.9% a year before,…
Government receives over ₹10 lakh crore in revenue by July 2024
The Government of India has consolidated its financial accounts up to July 2024, revealing that total receipts amount to ₹10,23,406 crore. This represents 31.9% of…
South Korea: South Korea focuses on fiscal discipline with smallest budget increase in two decades
SEOUL: South Korea‘s government plans to raise budget spending to nearly $497 billion for 2024, but the proposed increase is the smallest in two decades…
India’s FY23 fiscal deficit at $209.46 million, meets 6.4% target
India’s fiscal deficit for the financial year ended March 31 touched 17.3 trillion rupees ($209.46 billion), nearly 99% of the revised annual estimate, government data…
Punjab to miss fiscal targets by a wide margin due to freebies: India Ratings
The AAP government’s freebies push in Punjab will have the state, which already is one of the most fiscally stressed states, missing the fiscal targets…
Gross Direct Tax Collections: Net direct tax collections For FY 23 at Rs 16.61 lakh crore, exceeds RE by Rs 11,000 crore
The Centre has exceeded the revised Direct tax target for the financial year 2022-23 by Rs 11,000 crore, on the back of a resilient economy,…
Fiscal deficit till February hits 83 per cent of FY23 target at Rs 14.5 lakh crore
The Centre’s fiscal deficit hit 82.8% of the revised estimate (RE) until February this fiscal year, just a notch higher than the 82.7% a year…
Tax Revenue: Tax mop-up likely to fall short of revised estimate: Official
The government may not achieve a revised tax collection target of Rs 30.43 lakh crore for the current financial year, a top official said. Revised…
India fiscal defict: FY23 fiscal deficit: FinMin monitoring daily receipts, expenses in March
The finance ministry has started daily monitoring of the revenue receipts, including tax collections, as well as expenditure beginning March 1, with an aim to…