TD govt presents poll ticket' budget
5 years, 11 months ago

TD govt presents poll ticket' budget

Deccan Chronicle  

Vijayawada: Terming it as a ‘vote on account’ Budget, finance minister Yanamala Ramakrishnudu on Tuesday presented a '2,26,177.53 crore Budget that is being seen as the Telugu Desam’s ticket to return to power in the forthcoming elections. While revenue expenditure is estimated to increase by around 20.03 per cent, capital expenditure is estimated to grow by around 3.20 per cent over financial year 2018-19. Mr Ramakrishnudu put the estimated revenue deficit at around Rs 2,099.47 crore and said that the fiscal deficit was estimated at around Rs 32,390.68 crore. The fiscal deficit will be around 3.03 per cent of the GSDP, whereas the revenue deficit would be around 0.20 per cent of the GSDP. “Now we are building a world-class capital city overcoming the financial hurdles,” he said, pointing out that AP achieved an average growth rate of 10.66 per cent in the past four years and was ahead of all India growth in all the three sectors of the economy.

Budget Cent Expenditure Gsdp Crore Revenue Td Govt Mr Ramakrishnudu  gsdp  poll  financial  td  govt  budget  rs  ramakrishnudu  expenditure  deficit  estimated  presents  ticket  crore  revenue  cent

History of this topic

CM Siddaramaiah’s focus on getting revenue deficit grants for 2025-26 budget
1 week, 1 day ago

CM Siddaramaiah’s focus on getting revenue deficit grants for 2025-26 budget

New Indian Express  

BENGALURU: Chief Minister Siddaramaiah, who is all set to start department-wise review meetings for the 2025-26 budget, is likely to chalk out a plan meticulously to draw the attention of the 16th Finance Commission to get revenue deficit grants from the Centre. Sources told TNIE that he may not stick to presenting a surplus budget, but would showcase the gap …

Telangana to borrow Rs 30,000 cr in 3 months
Trending News
1 week, 1 day ago

Telangana to borrow Rs 30,000 cr in 3 months

Deccan Chronicle  

Hyderabad: The state government has decided to raise Rs 30,000 crore in loans through market borrowings during the final quarter of the current fiscal year. According to a report from the Comptroller and Auditor General of India, the state government had already raised Rs 37,850 crore in market borrowings during the fiscal year 2024-25 up until November 2024. This proposed …

Net GST growth slumps to 3.3% in December, as revenues slow and refunds rise 45%
1 week, 1 day ago

Net GST growth slumps to 3.3% in December, as revenues slow and refunds rise 45%

The Hindu  

India’s gross Goods and Services Tax receipts increased at the second-slowest pace in 43 months in December, while growth in net GST collections, after adjusting for refunds, slumped to 3.3%, the weakest in financial year 2024-25. Editorial: ​Selective indecision | on the GST Council’s 55th meeting, decisions December’s gross GST inflows, for transactions undertaken in November, were a tad under …

India’s Fiscal Deficit Stands at Rs 8.5 Lakh Cr, 52.5 PC of Budget Target
1 week, 2 days ago

India’s Fiscal Deficit Stands at Rs 8.5 Lakh Cr, 52.5 PC of Budget Target

Deccan Chronicle  

New Delhi: Crossing the halfway mark in the first eight months of the year, India’s fiscal deficit stood at Rs 8.5 lakh crore or 52.5 percent of the Budget target. “Net tax receipts for the first eight months of the current financial year were at Rs 14.43 lakh crore, or 56 per cent of the annual target, compared with Rs …

India’s April-November 2024 fiscal deficit hits 52.5% of FY25 target at ₹8.47 lakh crore
1 week, 2 days ago

India’s April-November 2024 fiscal deficit hits 52.5% of FY25 target at ₹8.47 lakh crore

Live Mint  

India’s fiscal deficit for the April-November period was ₹8.47 trillion, 52.5% of the estimate for 2024-25, according to the data released by the Controller General of Accounts on Tuesday. The latest figure is lower than ₹9.07 trillion a year ago due to the Reserve Bank of India dividend and subdued government capex during the first quarter amid the general elections, …

State’s spending shoots up, revenue collection remains below par
1 week, 6 days ago

State’s spending shoots up, revenue collection remains below par

Deccan Chronicle  

Hyderabad:The Comptroller and Auditor General of India on Friday released its detailed report on Telangana's state finances for April-November 2024, revealing significant increases in expenditure on debt servicing, salaries, pensions, and subsidies over the same period in 2023. The tax revenues reached `93,553.51 crore, representing 56.91 per cent of the `1,64,397.64 crore BE, marginally lower than 57.10 per cent last …

Interest payment burden continues to mount as Telangana government grapples to raise resources
1 week, 6 days ago

Interest payment burden continues to mount as Telangana government grapples to raise resources

The Hindu  

Interest burden on Telangana’s finances continue to mount with every passing month leaving the State government to face a challenging time in managing its finances in the coming days. The government has projected ₹17,729 crore towards interest payments during the current financial year in the budget estimates. But the quantum of interest paid is ₹17,080 crore till November-end with four …

Govt to improve quality spending, cut fiscal deficit to 4.5% of GDP in FY26: FinMin Report
2 weeks, 1 day ago

Govt to improve quality spending, cut fiscal deficit to 4.5% of GDP in FY26: FinMin Report

Live Mint  

The central government will continue to focus on improving quality spending, strengthening the social security net and bringing down the fiscal deficit to 4.5 per cent of the gross domestic product in 2025-26. The gross tax revenue was estimated at about ₹38.40 lakh crore with an implied tax-GDP ratio of 11.8 per cent. With the above estimates of receipts and …

Govt committed to improve quality spending, cut fiscal deficit to 4.5% in FY26: Finance Ministry report
Trending News
2 weeks, 2 days ago

Govt committed to improve quality spending, cut fiscal deficit to 4.5% in FY26: Finance Ministry report

The Hindu  

The government will continue its focus on improving quality spending, strengthening the social security net and bring down the fiscal deficit to 4.5% of the GDP in FY26, a Finance Ministry document said. The Union government is committed to pursuing the glide path of fiscal consolidation as announced in the Budget for FY 2021-22 and to attain a level of …

Govt committed to improve quality spending, cut fiscal deficit to 4.5 pc in FY26: Finmin report
2 weeks, 2 days ago

Govt committed to improve quality spending, cut fiscal deficit to 4.5 pc in FY26: Finmin report

Live Mint  

New Delhi, Dec 25 The government will continue its focus on improving quality spending, strengthening the social security net and bring down the fiscal deficit to 4.5 per cent of the GDP in FY26, a finance ministry document said. The Union government is committed to pursuing the glide path of fiscal consolidation as announced in the Budget for FY 2021-22 …

India’s fiscal deficit will be 4.8 pc in FY25, below budget estimate of 4.9 pc: CareEdge Ratings
3 weeks, 4 days ago

India’s fiscal deficit will be 4.8 pc in FY25, below budget estimate of 4.9 pc: CareEdge Ratings

Live Mint  

New Delhi, December 16 : The fiscal deficit of the central government is projected to be 4.8 per cent of GDP for FY25, slightly below the budgeted estimate of 4.9 per cent, according to a report by CareEdge Ratings. It said "Overall, we project the fiscal deficit at 4.8 per cent of GDP, marginally lower than the budgeted 4.9 per …

Centre seeks Parliament nod for net extra spending over ₹44,100 crore
4 weeks ago

Centre seeks Parliament nod for net extra spending over ₹44,100 crore

Live Mint  

New Delhi: The finance ministry on Thursday sought Parliament's approval for net extra spending of ₹44,143 crore in the current financial year for administrative and subsidy requirements, showed the first supplementary demands for grants tabled in the House. The net additional spending of ₹44,143 crore is unlikely to have a big impact on the government’s fiscal deficit target of ₹16.1 …

TN's contribution to Indian economy better, GSDP up by 14 per cent: CAG
4 weeks, 2 days ago

TN's contribution to Indian economy better, GSDP up by 14 per cent: CAG

Deccan Chronicle  

With its per capita income far exceeding the national average, Tamil Nadu was faring better in its contribution to national economy and the state's industries and services sectors played a pivotal role in increasing the Gross State Domestic Product by 14 per cent in 2022-2023 amounting to Rs 23,64,514 crore, Principal Accountant General, Tamil Nadu, D Jaishankar said on Tuesday.As …

Telangana Richest State by Per Capita
4 weeks, 2 days ago

Telangana Richest State by Per Capita

Deccan Chronicle  

Hyderabad: Telangana's economy continues to expand significantly, with its Gross State Domestic Product rising to Rs 15.02 lakh crore at current prices in 2023-24 from Rs 13.11 lakh crore in 2022-23, according to the latest data from the Reserve Bank of India. Among states, Maharashtra retained the top spot with a GSDP of Rs 40.44 lakh crore at current prices, …

Telangana 5th Largest Contributor to Indian Economy
1 month ago

Telangana 5th Largest Contributor to Indian Economy

Deccan Chronicle  

Mumbai: Telangana has slipped one place and is now the seventh largest contributor to the country’s economy for 2023-24 according to the Reserve Bank of India’s ‘Handbook of Statistics on Indian States’ released on Monday. The net state domestic product for Telangana rose to Rs 13.61 lakh crore from Rs 11.87 lakh crore in 2022-23, a growth of 15 per …

Odisha Assembly Passes ₹12,156 Cr Supplementary Budget Amid Oppn walkout
1 month ago

Odisha Assembly Passes ₹12,156 Cr Supplementary Budget Amid Oppn walkout

Deccan Chronicle  

The Odisha Legislative Assembly on Thursday evening approved the Appropriation Bill, 2024, authorizing the government to utilize ₹12,156 crore from its consolidated fund for the remaining months of the 2024-25 fiscal year. The session was marked by a walkout from the opposition BJD and Congress.Chief Minister Mohan Majhi, who also handles the finance portfolio, had presented the supplementary budget of …

UP collects ₹1.35 lakh crore tax revenue in 8 months
1 month ago

UP collects ₹1.35 lakh crore tax revenue in 8 months

Hindustan Times  

[email protected] For representation only Uttar Pradesh government on Wednesday claimed it has collected a tax revenue of ₹135058.47 crore in the first eight months of 2024-2025. It collected ₹7579.74 crore from transport, ₹2226.81 crore from energy and ₹279.54 crore from land revenue “Our revenue collections are going up and the state’s financial situation is witnessing marked improvement consistently. The state …

India’s GDP growth shocker: Bad news can be good too
1 month ago

India’s GDP growth shocker: Bad news can be good too

Live Mint  

India’s growth in gross domestic product of 5.4% in the three months ended 30 September, or the second quarter of 2024-25, was a shocker. It’s the lowest level seen since the third quarter of 2022-23 and a sharp drop from 8.1% growth in the same period last year and also from 6.7% in the first quarter of 2024-25. Given the …

India’s fiscal deficit on track, but spending challenges persist, govt. has only five months left in FY25 to spend: UBI report
1 month, 1 week ago

India’s fiscal deficit on track, but spending challenges persist, govt. has only five months left in FY25 to spend: UBI report

Live Mint  

New Delhi, December 2 : The central government fiscal deficit stands at 46.5 per cent of its budget estimates in the first seven months of the current financial year 2025, highlights a report by Union Bank of India. The report also noted that the capital expenditure of the government in the first seven months of the current fiscal stands at …

India’s Fiscal Deficit Widens to 46.5% in FY25 Amid Core Sector Growth
1 month, 1 week ago

India’s Fiscal Deficit Widens to 46.5% in FY25 Amid Core Sector Growth

Deccan Chronicle  

New Delhi: India's fiscal deficit widened to 46.5 percent of FY25 at Rs 7.51 lakh crore, which was higher than the previous year’s 45 percent for a similar period. While the country's eight core sectors' output surged by 3.1 per cent in October as compared to a growth of 2 per cent in September, two separate government data showed on …

India’s April-October fiscal deficit narrows to ₹7.51 trillion, driven by RBI dividend and lower capex
1 month, 1 week ago

India’s April-October fiscal deficit narrows to ₹7.51 trillion, driven by RBI dividend and lower capex

Live Mint  

India’s fiscal deficit for the April-October period stood at ₹7.51 trillion, 46.5% of the estimate for 2024-25, according to the data released by the Controller General of Accounts on Friday. During the April-October period, while non-tax revenue stood at ₹3.99 trillion or 73.2% of the annual budget estimates, total revenue receipts stood at ₹17.23 trillion, or 53.7% of the estimates …

TG Govt Faces Debt Crisis: Interest Payments Surpass Salary Bill
1 month, 2 weeks ago

TG Govt Faces Debt Crisis: Interest Payments Surpass Salary Bill

Deccan Chronicle  

Hyderabad: The state government is grappling with a severe financial crisis as the burden of repaying loans and the interest has surpassed its expenditure on salaries and pensions. The government now allocates over Rs.5,000 crore per month for debt servicing, compared to Rs.3,000 crore towards salaries to three lakh employees and 1.5 lakh pensioners. Data obtained from the finance department …

Telangana Fails to Meet Revenue Targets in First Six Months
1 month, 2 weeks ago

Telangana Fails to Meet Revenue Targets in First Six Months

Deccan Chronicle  

Hyderabad: Telangana's revenue collection in the first six months of the financial year 2024-25 stood at Rs.1,25,989.74 crore, which is 45.97 per cent of the full year Budget estimates of Rs.2,21,242.23 crore. This marks a modest 5.28 per cent decline in revenue realisation compared to 51.25 per cent revenue collected during the corresponding period last year. Tax revenue was Rs.82,135.38 …

Andhra achieves 10.44% growth in GSDP in 2023-24, shows economic survey report
1 month, 3 weeks ago

Andhra achieves 10.44% growth in GSDP in 2023-24, shows economic survey report

Hindustan Times  

Andhra Pradesh has registered a growth rate of 10.44% in the gross state domestic product during the financial year 2023-24 but it was 3% less than the growth rate recorded in the previous financial year 2022-23, a report of the socio-economic survey tabled in the state assembly on Monday, said. The growth rate in the GSDP during 2023-24 was 13.5% …

Thiruvananthapuram corporations' allocated revenue deficit for 2023-24 was highest in Kerala: RBI
1 month, 3 weeks ago

Thiruvananthapuram corporations' allocated revenue deficit for 2023-24 was highest in Kerala: RBI

New Indian Express  

THIRUVANANTHAPURAM: Municipal corporations in Kerala budgeted the highest aggregate revenue deficit for 2023-24, according to the Reserve Bank of India’s ‘Report on Municipal Finances’ released on Wednesday. Civic bodies in Maharashtra budgeted the highest revenue surplus of Rs 11,104 crore in the same fiscal year. Besides Kerala, only seven other states posted a revenue deficit: Uttar Pradesh, Jammu and Kashmir, …

CAG says off-budget liabilities of Andhra at ₹32,903 crore
1 month, 3 weeks ago

CAG says off-budget liabilities of Andhra at ₹32,903 crore

Hindustan Times  

The off-budget liabilities of the Andhra Pradesh government stood at ₹32,903 crore at the end of the 2023-24 financial year, the Comptroller and Auditor General of India said in its report tabled in the state assembly on Wednesday. The CAG, which reviewed the state government’s budget for the financial year 2023-24, said the off-budget borrowing is a liability of the …

AP’s Receipts Rs.2.36 Lakh Crore Against Estimated Rs.2.56 Lakh Crore
1 month, 3 weeks ago

AP’s Receipts Rs.2.36 Lakh Crore Against Estimated Rs.2.56 Lakh Crore

Deccan Chronicle  

Vijayawada: Andhra Pradesh has total receipts of ₹2,36,511 crore against the budget estimate of ₹2,56,865 crore for 2023-24. As per the report on Andhra Pradesh accounts by the principal accountant general for 2023-24, AP registered tax revenue from various heads like Goods and Services Tax – ₹45,003 crore, Taxes on Income and Expenditure – ₹29,892 crore, Taxes on Property and …

How Chandrababu's Andhra budget is a balancing act on sops, fiscal prudence
1 month, 4 weeks ago

How Chandrababu's Andhra budget is a balancing act on sops, fiscal prudence

India Today  

The Chandrababu Naidu-led National Democratic Alliance government in Andhra Pradesh, which assumed office in the second quarter of 2024-25, has presented a Rs 2.94 lakh crore budget, reducing the extraordinary emphasis on welfare schemes and sops by the earlier Yuvajana Sramika Rythu Congress Party regime of Y.S. His government targeted the previous YSRCP regime for “destroying the financial conditions of …

Government may ease quarterly capex limits to achieve record ₹11.11 trillion spending goal for FY25: Report
1 month, 4 weeks ago

Government may ease quarterly capex limits to achieve record ₹11.11 trillion spending goal for FY25: Report

Live Mint  

India is considering the relaxation of quarterly spending limits to ensure it does not fall short of its capital expenditure target for the financial year 2024/2025, according to a government source. Capital expenditure, or spending on building physical infrastructure, was at 4.15 trillion rupees during April-September, or 37% of the annual target, against 4.9 trillion rupees a year earlier. The …

Education, welfare in focus of ₹2.94 lakh-cr Andhra budget
1 month, 4 weeks ago

Education, welfare in focus of ₹2.94 lakh-cr Andhra budget

Hindustan Times  

The Telugu Desam Party-led National Democratic Alliance government in Andhra Pradesh on Monday presented its first full-fledged budget of ₹2,94,427 crore for 2024-25, five months after coming to power. Finance minister Payyavula Kesav told the state legislative assembly that the budget included revenue expenditure of ₹2,35,916 crore and capital expenditure of ₹32,712 crore. The NDA government under chief minister N …

AP Budget: Total Outlay at Rs.2,94,427.25 Cr
1 month, 4 weeks ago

AP Budget: Total Outlay at Rs.2,94,427.25 Cr

Deccan Chronicle  

Vijayawada: The annual Budget for Andhra Pradesh was presented in the state assembly on Monday by Finance Minister Payyavula Keshav. Keshav said the budget of Rs.2,94,427.25 crore for FY25 has a revenue expenditure estimated at Rs.2,35,916.99 crore and capital expenditure at Rs.32,712.84 crore. The finance minister announced an allotment of Rs.11,855 crore for agriculture and allied sectors, Rs.18,497 crore for …

Andhra Pradesh budget 2024: Rs 29,909 crore allocated to education sector, focus on rural development
1 month, 4 weeks ago

Andhra Pradesh budget 2024: Rs 29,909 crore allocated to education sector, focus on rural development

India TV News  

Andhra Pradesh Finance Minister Payyavula Keshav on Monday presented the state’s budget for the fiscal year 2024-25, totaling Rs 2,94,427.25 crore. Sectoral Allocations: Education : Rs 29,909 crore allocated for school education. Rural Development: Rs 16,739 crore allocated for Panchayat Raj and Rural Development, overseen by Deputy CM Pawan Kalyan. Agriculture and Rural Development: Significant emphasis on agricultural welfare, with …

What does Naidu government have in focus for Andhra Pradesh in its budget?
Trending News
1 month, 4 weeks ago

What does Naidu government have in focus for Andhra Pradesh in its budget?

India Today  

The Andhra Pradesh Legislative Assembly’s budget session began today with Finance Minister Payyavula Keshav presenting the state’s budget for the fiscal year 2024-25. The state budget for 2024-25 is set at Rs 2.94 lakh crore, with Rs 2.35 lakh crore allocated for revenue expenditure and Rs 3,271.84 crore for capital expenditure. Sector-wise, significant funds are earmarked for Panchayat Raj and …

Tamil Nadu’s own tax revenue grew 14% in H1, 2024-25: CAG
2 months ago

Tamil Nadu’s own tax revenue grew 14% in H1, 2024-25: CAG

The Hindu  

Tamil Nadu’s Own Tax Revenue grew about 14% to ₹86,975.28 crore in the first half of fiscal 2024-25 from ₹76,257.13 crore in the first half of 2023-24, according to the provisional figures from the Comptroller and Auditor-General. Among the SOTR components, the State Goods and Services Tax collection grew 20.12% to ₹35,414.05 crore in the first half of 2024-25 from …

Chandigarh suffers ₹240 crore revenue loss in first half of fiscal year
2 months ago

Chandigarh suffers ₹240 crore revenue loss in first half of fiscal year

Hindustan Times  

The UT administration has suffered a revenue loss of ₹240 crore in the first half of the 2024-25 fiscal, data from the Comptroller and Auditor General of India has revealed. The capital expenditure, which include funds designated for development projects and asset creation, have also been come down-- from ₹ 722 crore in 2023 to ₹ 655 crore in 2024. …

State Revenue Collection: A Mixed Bag
2 months, 2 weeks ago

State Revenue Collection: A Mixed Bag

Deccan Chronicle  

The state government's revenue receipts have shown a mixed performance in the first half of the current fiscal year 2024-25. While tax revenue earnings have been impressive, non-tax revenue collections have been disappointing. The state has incurred a significant amount of loans and other liabilities, which has impacted its revenue inflows. Despite these challenges, the state has managed to achieve …

Tamil Nadu's Economic Growth Outpaces National Average in 2023-24
2 months, 2 weeks ago

Tamil Nadu's Economic Growth Outpaces National Average in 2023-24

The Hindu  

Tamil Nadu's Gross State Domestic Product (GSDP) grew 8.23% in 2023-24, ranking second in GSDP at current prices, only behind Maharashtra. The State's per capita income was estimated at ₹1,79,732 in 2023-24, indicating a significant improvement in the State's overall economic performance compared to earlier years.

India's Tax Filers Surge Fivefold, With 52% of Salaried Individuals Reporting Income Over Rs 1 Crore
2 months, 2 weeks ago

India's Tax Filers Surge Fivefold, With 52% of Salaried Individuals Reporting Income Over Rs 1 Crore

ABP News  

India's tax filers have seen a significant surge in recent years, with the number of individuals reporting taxable incomes exceeding Rs 1 crore surging fivefold in the assessment year 2023-24. This growth has been driven by both an increase in the total number of taxpayers and an increase in the number of individuals with taxable incomes exceeding Rs 1 crore.

Fiscal deficit in April-August at 27% of full-year target: Govt data
3 months, 1 week ago

Fiscal deficit in April-August at 27% of full-year target: Govt data

The Hindu  

The Centre's fiscal deficit at the end of the first five months of the current fiscal touched 27% of the full-year target, government data showed on Monday. In absolute terms, the fiscal deficit - the gap between expenditure and revenue - was at ₹4,35,176 crore as of August-end, according to data released by the Controller General of Accounts. In the …

Revenue receipts of Telangana government continue to bely expectations after five months of current financial year
3 months, 1 week ago

Revenue receipts of Telangana government continue to bely expectations after five months of current financial year

The Hindu  

The overall revenue receipts of the State continue to bely expectations of the government. The State registered overall revenue receipts of ₹61,618 crore at the end of August, just 27.85 % of ₹2.21 lakh crore projected in the budget estimates for the current fiscal. Tax revenue during the five-month period was shade better at ₹57,722 crore, 35.11 % of ₹1.64 …

Telangana: Revenue deficit soars to Rs 11,328 crore by July-end
3 months, 2 weeks ago

Telangana: Revenue deficit soars to Rs 11,328 crore by July-end

New Indian Express  

HYDERABAD: The state government is facing a significant revenue deficit. In the first four months of the 2024–25 financial year, as of July-end, the deficit stood at Rs 11,328.5 crore, which is 3,808.92% higher than Budget estimates. From April to July, the state recorded Rs 47,712.69 crore in revenue receipts, excluding borrowings, while revenue expenditure totalled Rs 59,041.19 crore. Tax …

U.P govt’s revenue earnings up by ₹1725.83 crore in August
4 months ago

U.P govt’s revenue earnings up by ₹1725.83 crore in August

Hindustan Times  

The Uttar Pradesh government on Thursday claimed an increase of ₹1725.83 crore in tax and non-tax revenue earnings in August 2024 with the total collections going up to ₹15,969.65 crore vis-a-vis ₹14,243,82 crore earned in the same month in 2023. The state government’s tax collections in the first five months of 2024-2025 are 76 per cent of the target going …

India's GDP grows by 6.7 percent in Q1: Govt report
4 months, 1 week ago

India's GDP grows by 6.7 percent in Q1: Govt report

Hindustan Times  

India's gross domestic product slowed to a five-quarter low of 6.7 per cent in April-June this fiscal against 8.2 per cent in the year-ago period, mainly due to poor showing by the farm sector, according to government data. India's GDP grows by 6.7 percent in Q1: Govt report India remains the fastest-growing major economy, as China's GDP growth in the …

Telangana reported huge jump in tax revenue, state tells CAG
5 months ago

Telangana reported huge jump in tax revenue, state tells CAG

Deccan Chronicle  

Hyderabad: The Telangana state government reported a significant increase in its tax revenue for the first quarter of the fiscal year 2024-25, with collections rising by over Rs 3,600 crore compared to the same period last year. The state's tax revenue reached Rs 34,609 crore in the April-June quarter, according to the income and expenditure report submitted to the Comptroller …

Puducherry GSDP grew by 7.54 % and per capita income by 7.61% in 2023-24
5 months, 1 week ago

Puducherry GSDP grew by 7.54 % and per capita income by 7.61% in 2023-24

The Hindu  

While the Gross State Domestic Product of the Union Territory recorded a growth of 7.54 % in 2023-24 compared to 2022-23, the per capita income of UT registered a growth of 7.61 % in 2023-24 compared to the year before, the outgoing Lieutenant Governor of Puducherry C. P Radhakrishnan has informed the Legislative Assembly. Delivering the customary address amid a …

India confident of achieving fiscal deficit target, on course with glide path: FM Sitharaman
5 months, 1 week ago

India confident of achieving fiscal deficit target, on course with glide path: FM Sitharaman

Live Mint  

The government is confident of achieving its fiscal deficit target and sticking to the glide path to trim it to 4.5% of the GDP by FY26, Union finance minister Nirmala Sitharaman told Parliament on Tuesday, addressing concerns raised by the Opposition on the budget. Sitharaman also outlined the government’s budgetary allocations for social sector welfare schemes, public capex, expenditure on …

Govt Estimates Centre's Debt To Rise To Rs 185 Lakh Cr In FY25
5 months, 1 week ago

Govt Estimates Centre's Debt To Rise To Rs 185 Lakh Cr In FY25

News 18  

The government estimates its debt, including external borrowing, valued at current exchange rate and public account and other liabilities will increase to Rs 185 lakh crore, or 56.8 per cent of the GDP, during the current fiscal year. The total debt stood at Rs 171.78 lakh crore, or 58.2 per cent of the gross domestic product, at the end of …

Telangana govt presents ₹2.91 lakh-cr budget, agriculture gets lion’s share
5 months, 2 weeks ago

Telangana govt presents ₹2.91 lakh-cr budget, agriculture gets lion’s share

Hindustan Times  

Telangana finance minister Mallu Bhatti Vikramarka on Thursday presented a ₹2.91 lakh crore state budget for 2024-25 in the assembly, with the total revenue expenditure expected to be ₹2.21 lakh crore and capital expenditure ₹33,487 crore, even as the Congress-led government allocated major chunk to agriculture, panchayati raj and rural development and irrigation departments. Stating that the Congress-led state government …

Bihar witnessing high growth amid rising fiscal stress: CAG report
5 months, 2 weeks ago

Bihar witnessing high growth amid rising fiscal stress: CAG report

Hindustan Times  

The state finances audit report of Bihar for the financial year 2022-23, which was tabled in the assembly on Thursday, highlighted the challenges of the rising fiscal stress in the state despite its growing gross state domestic product at 15.55% over the last year. The fiscal deficit, the gap between the total expenditure and total non-debt receipt of the state …

Telangana budget allocates Rs 21,292 crore for education department
5 months, 2 weeks ago

Telangana budget allocates Rs 21,292 crore for education department

New Indian Express  

HYDERABAD: The state government proposed a budget of Rs 21,292 crore for the Education department for the financial year 2024-25, an increase 9.3% over the revised estimate of Rs 19,472 crore in 2023-24. The previous BRS government had proposed a budget estimate of Rs 19,093 crore for the year 2023-24, which the Congress government has surpassed with tangible numbers. The …

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