Search For "tax revenue"
Fiscal cost of proposed GST rate rationalisation to be manageable: Report
Updated : 6 months, 4 weeks ago IST
The fiscal cost of the government's proposed Goods and Services Tax (GST) rate rationalisation will remain manageable, according to a UBS report, which estimates the revenue loss to be about Rs. 1.1 trillion annually, or 0.3 per cent of GDP.
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Revenue growth of states in FY26 expected to be lower than that of FY25: R
Updated : 11 months ago IST
Indian states are expected to see slower revenue growth in the financial year 2025-26 (FY26) compared to FY25, mainly due to weaker growth in non-tax revenue.
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TN: DMK demands parity in Union tax devolution, accuses Centre of favourin
Updated : 11 months, 1 week ago IST
DMK on Monday again raised the issue of alleged unfairness in the devolution of Union tax revenue to Tamil Nadu. Demanding uniformity in the tax devolution, the party leader, TKS Elangovan, pointed out that when the Centre collects Rs 1 from Tamil Nadu as tax, the state gets 27 paise in retu
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Karnataka: BJP, JD(S) MLAs protest in Vidhana Soudha over misuse of tax re
Updated : 1 year ago IST
BJP and JD(S) MLAs protested in Vidhana Soudha, accusing the Congress government of misusing Karnataka's tax revenue. BJP MLA CT Ravi called out the government for failing to allocate funds for essential state needs.
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Government on track to meet fiscal deficit target of 4.8 pc for FY25: Bank
Updated : 1 year ago IST
The central government is on course to meet its fiscal deficit target of 4.8 per cent of GDP for the financial year 2024-25 (FY25), according to a report by Bank of Baroda.
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"Attack on federal structure": Siddaramaiah accuses Centre of reducing Kar
Updated : 1 year ago IST
"As India marks eight decades of democracy, it is alarming that the Union Government is treating states as mere subordinates instead of empowering them. This is unacceptable," Siddaramaiah said in a statement on Friday. "If appeals and negotiations fail, we will not hesitate to take to the
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India's Fiscal and Monetary Policies shift towards supporting economic gro
Updated : 1 year, 1 month ago IST
India's fiscal and monetary policies are now focusing more on supporting economic growth, aligning with expectations of a cyclical recovery, according to a report by Morgan Stanley.
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Government's Tax collections to stay strong in FY26, net tax revenue estim
Updated : 1 year, 1 month ago IST
The government's tax collections are expected to remain healthy in the financial year 2025-26 (FY26), according to a report by CareEdge Ratings.
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India's fiscal deficit to shrink continuously amid strong tax revenues: Wo
Updated : 1 year, 1 month ago IST
The fiscal deficit in India is expected to shrink continuously, driven by growing tax revenues, according to the latest World Bank report.
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Kerala seeks 50 per cent share of Rs 616 crore divisible pool: Chairman of
Updated : 1 year, 3 months ago IST
Kerala on Tuesday urged the 16th Finance Commission to increase its share of the divisible tax pool from the 41 per cent recommended by the 15th Finance Commission to 50 per cent.
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India needs to grow at over 7% along with robust fiscal framework to meet
Updated : 1 year, 3 months ago IST
EY India's economy watch suggest the government to implement strategies to enhance tax revenues and un-lock tax resources while maintaining fiscal prudence.
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Centre receives 51% of annual revenue estimate by September, spending at 4
Updated : 1 year, 4 months ago IST
The Government of India has released its monthly account summary for the financial year 2024-25 up to September, showing a total receipt of Rs 16.37 lakh crore, representing 51 per cent of the Budget Estimates (BE) for the year.
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