Budget 2020 live updates | New scheme to bring down direct tax disputes
4 years, 11 months ago

Budget 2020 live updates | New scheme to bring down direct tax disputes

The Hindu  

Union Finance Minister Nirmala Sitharaman’s second Budget is being presented in Lok Sabha. To make sure India stays competitive, we took the bold decision to reduce corporate tax rate for new mfg companies to an unprecedented 15% and 22% for existing companies, which is the lowest in the world Net market borrowing for FY21 at ₹5.36 lakh crore. 10 a.m. Congress hopes Union Budget will provide relief to salaried class, invest in rural India The Congress expressed hope that the Union Budget 2020 would provide relief to the salaried class through tax cuts and invest in rural India besides providing a healing touch to the common man and industry facing “hardship” since demonetisation. 9.15 a.m. 'Bahi-khata' makes a comback in this years' budget presentation Like last year, Finance Minister Nirmala Sitharaman carried the 2020 Union Budget documents in a red bag, reminiscence of the traditional bahi-khata. Better to focus on growth than on fiscal deficit in current situation: CEA Ahead of Finance Minister Nirmala Sitharaman’s second Budget, Chief Economic Adviser K.V.

Finance India Growth Delhi Tax Budget Congress National Indian House Minister Pti Sector Sensex Sitharaman Scheme Msme Pan Our Country Tax Cuts Ddt Nirmala Sitharaman No Tax Pit Lic Fiscal Deficit Rural India Ppp Lakh Crore Union Budget Salaried Class New Scheme Proposes 2020 Live Direct Tax Disputes  tax  2020  live  bring  lakh  crore  disputes  national  sector  direct  growth  scheme  proposes  budget  minister  india  updates

History of this topic

India’s 2025-26 budget should aim to engineer an economic transformation
4 days, 22 hours ago

India’s 2025-26 budget should aim to engineer an economic transformation

Live Mint  

While annual budgets are routine affairs in advanced economies, they hold special significance in emerging markets, particularly in India. Against this backdrop, the 2025-26 budget must address three critical pillars that will shape India’s journey towards developed-nation status, each presenting unique challenges and opportunities that demand careful policy calibration. First, India would need to maintain an 8% growth rate in …

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, …

Net direct tax receipts grows 16.45% to ₹15.82 lakh crore till mid-December
3 weeks, 1 day ago

Net direct tax receipts grows 16.45% to ₹15.82 lakh crore till mid-December

Live Mint  

The Centre’s direct tax collection from corporations and individuals after adjusting for tax refunds has reached ₹15.8 trillion so far this year, jumping 16.45% over the previous year and outpacing the budget estimate. While non-corporate tax collection from individuals and other entities like partnerships and local authorities, after adjusting for refunds, recorded a 22% jump so far this year to …

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 Expects to Surpass Rs 22 Lakh Cr Direct Tax Target
1 month, 3 weeks ago

India Expects to Surpass Rs 22 Lakh Cr Direct Tax Target

Deccan Chronicle  

New Delhi: The government on Monday said that it would exceed the Rs 22 lakh crore direct tax collection target set for the current fiscal year. As per the latest data released by the tax department between April 1 and November 10, net direct tax collection has grown 15.41 per cent to Rs 12.11 lakh crore, including net corporate tax …

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 …

How India's Budget and economy changed in 10 years. PM Modi explains in 10 numbers
5 months, 1 week ago

How India's Budget and economy changed in 10 years. PM Modi explains in 10 numbers

Firstpost  

More than 1,000 participants from the industry, government, diplomatic community and think tanks, among others, attended the conference in person while many others will connect virtually from various CII centres around the country and overseas Prime Minister Narendra Modi on Tuesday addressed the inaugural session of ‘Journey Towards Viksit Bharat: A Post Union Budget 2024-25 Conference.’ During his address, PM …

Telangana Government presents State Budget with total outlay of ₹2.91 lakh crore
5 months, 2 weeks ago

Telangana Government presents State Budget with total outlay of ₹2.91 lakh crore

The Hindu  

The Telangana State Government has presented ₹2.91 lakh crore Budget for the Financial Year 2024-25 with emphasis on welfare and development of agriculture and allied sectors. Finance Minister Mallu Bhatti Vikramarka introduced the Budget in the Assembly on July 25 with estimated revenue expenditure of ₹2.2 lakh crore and capital expenditure of ₹33,487 crore. The Finance Minister presented the Budget, …

Budget 2024 addresses India's immediate and long-term needs, says Tata Capital CEO
5 months, 2 weeks ago

Budget 2024 addresses India's immediate and long-term needs, says Tata Capital CEO

Live Mint  

Finance minister Nirmala Sitharaman presented another balanced budget on Tuesday, one that addressed both the immediate and long-term needs of the country. Higher tax collections – gross tax collections rose 19.5% year-on-year – have give the FM room to allocate funds to numerous schemes that will benefit the poor. Providing free electricity to one crore households under PM Surya Ghar …

The budget echoes the Developed India vision
5 months, 2 weeks ago

The budget echoes the Developed India vision

Hindustan Times  

Finance minister Nirmala Sitharaman has meticulously assessed India’s economic vitality. New Delhi, India - July 23, 2024: Union Finance Minister Nirmala Sitharaman during Post Budget Press Conference at National Media Centre, in New Delhi, India, on Tuesday, July 23, 2024. Budget 2024 unveiled a comprehensive strategy built on nine foundational pillars — agriculture, employment, inclusive development, manufacturing and services, urban …

Union Budget 2024-25: Census, NPR unlikely in 2024 too as only ₹1,309.46 crore allocated
5 months, 2 weeks ago

Union Budget 2024-25: Census, NPR unlikely in 2024 too as only ₹1,309.46 crore allocated

The Hindu  

The Budget 2024-24 on July 23 allocated ₹1,309.46 crore for census, a significant reduction from 2021-22 when ₹3,768 crore was allocated for the decadal exercise, an indication that it may not be carried out even after a significant delay. According to the Budget 2024-25, ₹1,309.46 crore has been allocated for census surveys and statistics, and it was ₹578.29 in 2023-24. …

Government cuts borrowing target to ₹14.01 lakh crore for 2024-25
5 months, 2 weeks ago

Government cuts borrowing target to ₹14.01 lakh crore for 2024-25

Hindustan Times  

The government has lowered its borrowings estimate for the current financial year to 14.01 lakh crore as there is an improvement in tax collection. Union Finance Minister Nirmala Sitharaman showcases a red pouch carrying the Budget documents, outside the Finance Ministry in North Block The government has to borrow by issuing dated securities to meet its fiscal deficit target. The …

India defence budget 2024: ₹6.21 lakh crore allocated; minister Rajnath Singh reacts
5 months, 2 weeks ago

India defence budget 2024: ₹6.21 lakh crore allocated; minister Rajnath Singh reacts

Hindustan Times  

India has set aside ₹6,21,940 crore for defence spending in the Union Budget 2024-25 – up from last year's outlay of ₹5.94 lakh crore – finance minister Nirmala Sitharaman announced as she presented the Union Union Budget 2024 on Tuesday. The total allocation to the defence sector is 12.9 per cent of the total budget of the government of India …

Budget 2024: How will it impact the common people and consumers? CHECK here
5 months, 2 weeks ago

Budget 2024: How will it impact the common people and consumers? CHECK here

India TV News  

Budget 2024: Finance Minister Nirmala Sitharaman on Tuesday announced the Union Budget 2024-25, with nine outlined priorities in agriculture, employment and skilling, manufacturing and services, human resource development, urban development, energy security and more. Sitharaman announced Prime Minister Narendra Modi's package of five schemes for employment, skilling and other opportunities for employment, skilling and other opportunities for 4.1 crore youth …

Union Budget 2024 India: Sitharaman Announces 5 Schemes Focusing On 4.1 Crore Youth Over Next 5 Years
5 months, 2 weeks ago

Union Budget 2024 India: Sitharaman Announces 5 Schemes Focusing On 4.1 Crore Youth Over Next 5 Years

ABP News  

Union Budget 2024 India: Finance Minister Nirmala Sitharaman in her announcement during the Budget speech revealed that the Modi 3.0 government will launch five major schemes focusing on 4.1 crore youth over the next five years, with a substantial central outlay of Rs 2 lakh crore. The Finance Minister emphasized that 20 lakh youth will receive training and skill development …

Union Budget 2024: 7 key figures to gauge Indian economy's health under Sitharaman
5 months, 2 weeks ago

Union Budget 2024: 7 key figures to gauge Indian economy's health under Sitharaman

Hindustan Times  

Union finance minister Nirmala Sitharaman presents the Union Budget 2024 in Parliament today, marking her seventh consecutive budget, surpassing the late Morarji Desai's record of six. Follow- Budget 2024 Live Updates Key numbers to watch for the first full Budget of Modi 3.0 Fiscal Deficit: • The budgeted fiscal deficit for the current fiscal year is projected at 5.1%, down …

Budget 2024 HIGHLIGHTS: Andhra Pradesh, Bihar major gainers; special focus on jobs, new tax regime
5 months, 2 weeks ago

Budget 2024 HIGHLIGHTS: Andhra Pradesh, Bihar major gainers; special focus on jobs, new tax regime

India TV News  

Uttar Pradesh CM Yogi Adityanath's reaction on Union Budget: "Under the guidance of PM Modi, in the new parliament of the country, the Finance Minister has laid down the general budget of the country which is - inclusive, development-oriented and one which will fulfil the aspirations of 140 cr people. The new tax slabs announced in the budget are welcoming." …

Union Budget 2024: Read Finance Minister Nirmala Sitharaman's full speech
5 months, 2 weeks ago

Union Budget 2024: Read Finance Minister Nirmala Sitharaman's full speech

India Today  

Union Finance Minister Nirmala Sitharaman presented the first budget of the Narendra Modi government’s third term on Tuesday in Parliament. Budget Priorities Productivity and resilience in Agriculture Employment & Skilling Inclusive Human Resource Development and Social Justice Manufacturing & Services Urban Development Energy Security Infrastructure Innovation, Research & Development and Next Generation Reforms Subsequent budgets will build on these, and …

Budget 2024 Highlights: FM disappoints investors, rewards (some) taxpayers
5 months, 2 weeks ago

Budget 2024 Highlights: FM disappoints investors, rewards (some) taxpayers

Hindustan Times  

July 23, 2024 9:02 PM IST Budget 2024 LIVE Updates: Supriya Paul, CEO & Co- Founder, Josh Talks, said, “The Union Budget 2024-25 represents a significant stride towards Bharat's development. The allocation of ₹1.48 lakh crore towards education, employment, and skills development is a substantial investment. By enhancing the quality of education and training, we are equipping our youth with …

Budget 2024: Will Nirmala Sitharaman bring cheer to middle-class with income tax changes?
5 months, 3 weeks ago

Budget 2024: Will Nirmala Sitharaman bring cheer to middle-class with income tax changes?

Hindustan Times  

The Union Budget 2024 could provide Income Tax relief for low earners looms large amid rising prices in the country. Experts believe that a reduction in Income Tax could address economic challenges in the country as Finance Minister Nirmala Sitharaman is set to present the Union Budget for the fiscal year 2024-25 on July 23. This change would boost consumption, …

India's 2024 Budget: A push for tax reform
5 months, 3 weeks ago

India's 2024 Budget: A push for tax reform

India Today  

The 2024 Budget, scheduled for July 23, may see tweaks to key tax policies to boost government revenue — bold steps to tackle tax evasion and improve tax compliance. 1980: For every Rs 100 collected, Rs 11 came from income tax, Rs 12 from corporate tax, Rs 1 from other direct taxes, and Rs 76 from other indirect taxes. 2000: …

Govt may revise fiscal deficit target to 5% of GDP in Budget
6 months, 4 weeks ago

Govt may revise fiscal deficit target to 5% of GDP in Budget

Hindustan Times  

NEW DELHI: The full budget for FY25 may see a downward revision of India’s fiscal deficit target for the current financial year from previous target of 5.1% of the gross domestic product to at least 5% or less as North Block swings into action to translate Prime Minister Narendra Modi’s development agenda into budget proposals, three people aware of the …

Ajit Pawar presents interim budget, state debt reaches ₹7.82 lakh crore
10 months, 1 week ago

Ajit Pawar presents interim budget, state debt reaches ₹7.82 lakh crore

Hindustan Times  

MUMBAI: Finance minister Ajit Pawar on Tuesday presented a ₹6 lakh crore interim budget with a revenue deficit of ₹9,734 crore. While the government is aiming for a $1trillion state economy, its debt burden has reached ₹7.82 lakh crore after a net borrowing of ₹72,000 crore. The PM has announced welfare schemes for youth, women, the poor and farmers, which …

Chennai Corporation Budget 2024 | Fiscal deficit at lowest in five years, revenue receipts up
10 months, 2 weeks ago

Chennai Corporation Budget 2024 | Fiscal deficit at lowest in five years, revenue receipts up

The Hindu  

The Greater Chennai Corporation presented its budget for the fiscal year 2024-25, with the lowest deficit in five years. According to the Budget estimate documents from FY2020-21 until now, net deficit was at its lowest in FY 2024-25 compared to the past five years. Although revenue receipts are at their highest now over the past five years at ₹4,464.60 crore, …

Tamil Nadu presents ₹3.48L cr budget; focus on infra, ‘7 Tamil dreams’
10 months, 3 weeks ago

Tamil Nadu presents ₹3.48L cr budget; focus on infra, ‘7 Tamil dreams’

Hindustan Times  

Tamil Nadu finance minister Thangam Thennrasu on Monday presented the state budget for 2024-25 announcing a total outlay of ₹3.48 lakh crore, along with a revenue deficit of over ₹49,000 crore as the government promised an increased focus on infrastructure and expanding welfare schemes encompassing “seven Tamil dreams” with no new populist announcement, aiming at fiscal prudence. The alleged “inordinate …

Delhi budget: Special focus on development of roads in rural pockets
10 months, 3 weeks ago

Delhi budget: Special focus on development of roads in rural pockets

The Hindu  

The AAP government's budget will have special focus on development of roads in rural pockets of the national capital, according to sources in the government. In its budget, the government is likely to propose a project for redevelopment of around 1,000 km of roads in villages for which a four-fold increase in allocation to the development department is expected, the …

‘Is Finance Commission merely facade under BJP’: Karnataka CM Siddaramaiah
11 months ago

‘Is Finance Commission merely facade under BJP’: Karnataka CM Siddaramaiah

Hindustan Times  

Karnataka Chief Minister Siddaramaiah has hit out at the Central government over the release of funds for the state, saying that the dwindling grants-in-aid and the glaring absence of budgeted funds raise the question of whether the autonomy of the Finance Commission is merely a 'facade' under the BJP. Siddaramaiah further said that under the 14th Finance Commission, Karnataka received …

Various Measures Taken To Reduce Debt Burden, Strengthen Economy: FM Nirmala Sitharaman
11 months ago

Various Measures Taken To Reduce Debt Burden, Strengthen Economy: FM Nirmala Sitharaman

News 18  

To bring down the debt burden, the government has taken various measures like increasing the tax revenue buoyancy, enhancing the public expenditure effectiveness, commitment to reducing fiscal deficit and augmenting the productive efficiency, Finance Minister Nirmala Sitharaman said on Monday. The government’s emphasis on increasing capital expenditure will not only boost the investments, but also return a higher GDP growth …

Uttar Pradesh Finance Minister Suresh Kumar Khanna presents ₹7.36 lakh crore budget for FY-25 in State Assembly
11 months ago

Uttar Pradesh Finance Minister Suresh Kumar Khanna presents ₹7.36 lakh crore budget for FY-25 in State Assembly

The Hindu  

Uttar Pradesh Finance Minister Suresh Kumar Khanna on February 5 presented the budget for financial year 2024-25 in the State Assembly with an outlay of ₹7.36 lakh crore, higher from current fiscal's budget of ₹6.90 lakh crore. The total outlay of ₹7,36,437.71 crore for the next fiscal includes new schemes worth ₹24,863.57 crore, the State Finance Minister said while presenting …

Key takeaways from interim Budget 2024-25 in charts
11 months, 1 week ago

Key takeaways from interim Budget 2024-25 in charts

The Hindu  

The Finance Minister presented her sixth budget today. Budget 2024 live updates Besides this, here are the charts that show key numbers from the interim Budget 2024: Budget at a glance The Finance Minister said that the Revised Estimate of the total receipts other than borrowings is Rs 27.56 lakh crore. Capital Expenditure Capital expenditure outlay was raised to ₹11.1 …

Budget 2024: Highlights of Finance Minister Nirmala Sitharaman’s Interim Budget
11 months, 1 week ago

Budget 2024: Highlights of Finance Minister Nirmala Sitharaman’s Interim Budget

The Hindu  

Finance Minister Nirmala Sitharaman presented the 2024 Interim Budget in Parliament today, ahead of the Lok Sabha elections expected to be held mid-year. On the direct taxation front, Ms. Sitharaman proposed to withdraw outstanding tax demands up to ₹25,000 for the period up to the financial year 2009-10 and up to ₹10,000 for financial years 2010-11 to 2014-15. On the …

Budget 2024: Saksham Anganwadi and Poshan 2.0 scheme gets ₹21,200 crore
11 months, 1 week ago

Budget 2024: Saksham Anganwadi and Poshan 2.0 scheme gets ₹21,200 crore

Live Mint  

New Delhi: The interim budget on Thursday provided a 3% boost to ₹21,200 crore, for the next financial year, for the women and child development ministry’s integrated Saksham Anganwadi and Poshan 2.0 scheme. “Upgradation of anganwadi centres under Saksham Anganwadi and Poshan 2.0 will be expedited for improved nutrition delivery, early childhood care and development.” Mint had reported on 18 …

2024 Interim Budget | Net zero gain for job guarantee scheme
11 months, 1 week ago

2024 Interim Budget | Net zero gain for job guarantee scheme

The Hindu  

With allocation of ₹86,000 crore for the Mahatma Gandhi National Rural Employment Guarantee Scheme, the budget for the scheme for the financial year 2024-25 has been hiked by ₹26,000 crore in comparison to the 2023-24 Budget estimates, though it is the same as the revised estimates for the ongoing financial year. In the 2023 Budget, only ₹60,000 crore was allocated …

​Budget 2024: New housing scheme to be introduced for middle class
11 months, 1 week ago

​Budget 2024: New housing scheme to be introduced for middle class

Op India  

Union Finance Minister Nirmala Sitharaman on Thursday presented the 5th and last budget of the Modi government 2.0. One of the key takeaways of Budget 2024 is the consistency in the extension of housing scheme benefits for the rural population and the middle class. “Two crore more houses will be taken up in the next 5 years to meet the …

Union Budget fiscal deficit for 2024-25 at 5.1% compared to 5.8% in FY24
11 months, 1 week ago

Union Budget fiscal deficit for 2024-25 at 5.1% compared to 5.8% in FY24

The Hindu  

The revised fiscal deficit for financial year 2024-25 is estimated at 5.1 per cent of the GDP, down from 5.8 per cent for the current financial year 2024, Union Minister Nirmala Sitharaman announced in her interim Budget speech on Thursday. As per data released by the Controller General of Accounts on Wednesday, the Union government’s fiscal deficit touched ₹9.82 lakh …

Budget may focus on welfare, infra, adhere to fisc glide path
11 months, 1 week ago

Budget may focus on welfare, infra, adhere to fisc glide path

Hindustan Times  

New Delhi India will meet its fiscal deficit target of 5.9% of GDP in 2023-24, and largely adhere to the envisaged glide path to bring it below 4.5% by 2025-26 on the back of robust GDP growth, buoyant tax collections, and better targeting of expenditure, officials familiar with the matter said, adding that public spending on welfare schemes and infrastructure …

Credibility has been a highlight of India’s budgets
11 months, 1 week ago

Credibility has been a highlight of India’s budgets

Live Mint  

As per indications, this is likely to be an interim budget, though there is no constitutional provision to present an interim budget before a general election. Even as the interim budget may be devoid of policy announcements, it is important to look at the budget from the lens of what the government would want to achieve from a fiscal policy …

Budget 2024: Govt to focus on Make in India initiative to boost manufacturing
11 months, 2 weeks ago

Budget 2024: Govt to focus on Make in India initiative to boost manufacturing

India TV News  

To incentivise the manufacturing sector and generate employment, the government may extend the scope of the Production-Linked Incentive scheme in the upcoming budget. Zameer Malik, CEO of Kulsum's Kaya Kalp, said that the government is expected to continue prioritizing capital expenditure, particularly in the infrastructure sector, to drive economic growth. Gurmit Singh Arora, president of the Indian Plumbing Association, said …

Budget 2024: Government likely to maintain momentum on increasing capital expenditure
11 months, 2 weeks ago

Budget 2024: Government likely to maintain momentum on increasing capital expenditure

India TV News  

The government is expected to maintain its focus on increasing capital expenditure in the upcoming budget, particularly in the infrastructure sector, to stimulate economic growth amid subdued private investment. Since the post-COVID period, the budget has consistently emphasised capital expenditure, leading to over 7 per cent growth in the last three years, making India the fastest-growing large economy globally. In …

Interim budget 2024: India aims to lower budget deficit, raise capex by 20%
11 months, 4 weeks ago

Interim budget 2024: India aims to lower budget deficit, raise capex by 20%

India Today  

As India gears up for its 2024/25 budget, there are indications that the government is planning to reduce its budget deficit by at least 50 basis points from the current year's target of 5.9 per cent of Gross Domestic Product. Devendra Pant, an economist at India Ratings, was quoted in the report saying that reducing the government's money shortage and …

Direct tax collections rise 16% to ₹6.53 lakh crore so far this fiscal
1 year, 4 months ago

Direct tax collections rise 16% to ₹6.53 lakh crore so far this fiscal

Hindustan Times  

Net direct tax collections swelled 17.33 per cent to ₹5.84 lakh crore so far this fiscal, reaching 32 per cent of the full-year budget estimates. On a gross basis, direct tax collection grew 15.73 per cent to ₹6.53 lakh crore till August 10 in the current fiscal. Net direct tax collection, after adjusting refunds, stands at ₹5.84 lakh crore, which …

Focusing on roadmap to make India a $5 trillion economy: Govt
1 year, 5 months ago

Focusing on roadmap to make India a $5 trillion economy: Govt

Live Mint  

New Delhi: The government’s roadmap to makinge India a $5 trillion economy comprises measures like focussing on inclusive growth, promoting digital economy, fintech, technology-enabled development, energy transition and climate action, and relying on a virtuous cycle of investment and growth, minister of state for fnance Pankaj Chaudhary said on Tuesday. Responding to an unstarred question in the Rajya Sabha, Chaudhary …

Income-tax collections grow 20% in one year, nears ₹20 lakh crore mark
1 year, 9 months ago

Income-tax collections grow 20% in one year, nears ₹20 lakh crore mark

Hindustan Times  

NEW DELHI: The Union finance ministry on Monday reported over 20% year-on-year jump in gross direct tax revenue at ₹19.68 lakh crore for the financial year ending March 31, 2023, days after it declared about 22% annualised growth in Goods and Services Tax collections at ₹18.1 lakh crore, reflecting sustained growth in economic activities, better tax administration and ease of …

Delhi govt presents ₹78,800 crore budget for 2023-24 after a day’s delay
1 year, 9 months ago

Delhi govt presents ₹78,800 crore budget for 2023-24 after a day’s delay

Hindustan Times  

The Delhi government on Wednesday presented ₹78,800 crore budget estimates for the financial year 2023-24 in the legislative assembly, with focus on enhancing the national Capital’s infrastructure, sanitation, transportation facilities besides the usual focus on health and education. Delhi chief minister Arvind Kejriwal and finance minister Kailash Gahlot arrive for the budget presentation at the legislative assembly on Wednesday. The …

Fiscal deficit dips as Delhi government changes formula
1 year, 9 months ago

Fiscal deficit dips as Delhi government changes formula

The Hindu  

Delhi’s fiscal deficits for 2020-21 and 2022-23 have seen a fall after a change by the AAP government in the calculation formula, showed budget documents. However, last year’s budget documents showed that the fiscal deficit for 2020-21 was ₹9,972 crore. The fiscal deficit, according to last year’s budget document, is calculated as sum of ‘revenue receipts’, ‘recoveries of loans’ and …

In Assam Budget, funds for creating two lakh entrepreneurs, 40,000 fresh government hirings
1 year, 9 months ago

In Assam Budget, funds for creating two lakh entrepreneurs, 40,000 fresh government hirings

The Hindu  

The Assam government on March 16 presented a ₹ 3.22 lakh crore Budget for the 2023-24 financial year, announcing funds for promoting micro-entrepreneurship and 40,000 fresh recruitments in various Departments. Presenting the Budget in the Assembly, Finance Minister Ajanta Neog said the government will invest ₹5,000 crore over the next three years to “transform” more than two lakh unemployed youths …

Jharkhand govt tables ₹1.16 lakh crore budget for FY'24 in assembly
1 year, 10 months ago

Jharkhand govt tables ₹1.16 lakh crore budget for FY'24 in assembly

The Hindu  

The Jharkhand government on Friday tabled a ₹1.16 lakh crore budget for the 2023-24 fiscal in the assembly. "I lay on the table of the House a budget of ₹1,16,418 crore for the financial year 2023-24," Finance Minister Rameshwar Oraon said in the House. In the year 2022-23, the growth rate of our state is estimated to be 7.8% in …

MP govt’s ₹3.14 lakh crore budget focuses on women, tribals and religion
1 year, 10 months ago

MP govt’s ₹3.14 lakh crore budget focuses on women, tribals and religion

Hindustan Times  

Madhya Pradesh finance minister Jagdish Deoda presented a revenue surplus budget of over ₹3.14 lakh crore on Wednesday in the state assembly ahead of the December polls. Madhya Pradesh finance minister Jagdish Deoda presented the state budget today With a special focus on women, tribals and religion, Deoda announced schemes for giving scooty and skill upgradation stipends to girl students, …

Bihar govt. presents ₹2.61 lakh crore ‘revenue surplus Budget’ for fiscal 2023-24
1 year, 10 months ago

Bihar govt. presents ₹2.61 lakh crore ‘revenue surplus Budget’ for fiscal 2023-24

The Hindu  

Bihar Finance Minister Vijay Kumar Choudhary on February 28, 2023 tabled over ₹2.61 lakh crore ‘revenue surplus Budget’ in the State Assembly, while putting thrust on employment, health and education sectors. “In our estimated revenue arrangement this is a revenue surplus Budget in which the State’s growth rate will be above 10%,” he told mediapersons, after presenting the Budget for …

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