Telangana Stares at Rs 9,335 Cr Revenue Deficit for 2021-22 FY
1 year, 4 months ago

Telangana Stares at Rs 9,335 Cr Revenue Deficit for 2021-22 FY

Deccan Chronicle  

Hyderabad: Telangana state, which had revenue surplus up to 2018-19, faces a revenue deficit of Rs 9,335 crore though it was lower than the Rs 22,298 crore deficit in 2020-21, the Comptroller and Auditor General said in a report. Around 50 per cent of the revenue receipts, Rs 1,27,469 crore, was spent on committed expenditure like salaries Rs 30,375 crore, payment of interest Rs 19,161 crore and pensions Rs 14,025 crore. The state government’s revenue through tax was Rs 1,09,992 crore; GST Rs 34,490 crore; taxes on income and expenditure Rs 10,871 crore; taxes on property and capital transactions 12,375 crore and taxes on commodities and services Rs 52,256 crore,” the report said. The share of centrally Approximately, 29 loans totalling Rs 45,716 crore, at interest rates varying from 6.89 to 7.37 per cent repayable between the years 2032 and 2051, were raised from the open market. “The state government also received Rs 4,784 crore from the Centre as loans and advances, while repayments made on this account amounted to Rs 510 crore,” the report said.

Telangana Crore Cent Revenue Deficit  revenue  deficit  cent  fy  receipts  state  9335  advances  report  ways  202122  cr  crore  rs  stares  telangana

History of this topic

Ready for debate on state finances: Telangana Finance Minister Bhatti Vikramakra
1 week ago

Ready for debate on state finances: Telangana Finance Minister Bhatti Vikramakra

New Indian Express  

KHAMMAM: Slamming the previous BRS government for allegedly pushing Telangana into a debt trap during its decade-long rule by raising loans in the name of various projects, Deputy Chief Minister and Finance Minister Mallu Bhatti Vikramakra on Sunday said that the government was ready for a debate on the issue in the winter session of the state Legislative Assembly, which …

TN's contribution to Indian economy better, GSDP up by 14 per cent: CAG
1 week, 5 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 5th Largest Contributor to Indian Economy
2 weeks 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 …

Telangana not 'rising' but falling, Revanth full of lies: KTR
2 weeks, 5 days ago

Telangana not 'rising' but falling, Revanth full of lies: KTR

Deccan Chronicle  

HYDERABAD: BRS working president K.T. Rama Rao on Wednesday stated that the single biggest “achievement” of Chief Minister A. Revanth Reddy was to constantly sling mud at his opponents. Addressing a press conference at Telangana Bhavan, the BRS headquarters, Rama Rao said that instead of meaningless rhetoric and abuse of the Opposition, Revanth Reddy should inform people of what service …

TG Govt Faces Debt Crisis: Interest Payments Surpass Salary Bill
4 weeks, 1 day 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 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 …

Thiruvananthapuram corporations' allocated revenue deficit for 2023-24 was highest in Kerala: RBI
1 month, 1 week 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, 1 week 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, 1 week 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, 1 week 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 …

Education, welfare in focus of ₹2.94 lakh-cr Andhra budget
1 month, 1 week 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 …

Tamil Nadu’s own tax revenue grew 14% in H1, 2024-25: CAG
1 month, 2 weeks 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 …

State Revenue Collection: A Mixed Bag
1 month, 4 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 …

Revenue receipts of Telangana government continue to bely expectations after five months of current financial year
2 months, 3 weeks 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 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 …

Telangana reported huge jump in tax revenue, state tells CAG
4 months, 2 weeks 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 …

Delay In Executing Irrigation Projects Costs Telangana Exchequer Rs 1 Lakh Cr More: CAG
4 months, 2 weeks ago

Delay In Executing Irrigation Projects Costs Telangana Exchequer Rs 1 Lakh Cr More: CAG

Deccan Chronicle  

Hyderabad: The cost of 20 irrigation projects commenced between 1983 and 2018 in Telangana doubled from over Rs 1 lakh crore to Rs 2 lakh crore as of March 2023, due to non-completion, the CAG report has said. In addition to this, the government has a pending liability of Rs 8,971 crore in respect of 13 incomplete irrigation projects, the …

Telangana govt presents ₹2.91 lakh-cr budget, agriculture gets lion’s share
4 months, 3 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 …

Telangana boosts revenue with increased focus on stamps, excise, non-tax sources
4 months, 3 weeks ago

Telangana boosts revenue with increased focus on stamps, excise, non-tax sources

New Indian Express  

HYDERABAD: With welfare and implementation of six guarantees being its focal points, the state government mainly focused on Stamps & Registration department, Excise and non-tax revenue to generate additional revenue. The income from state excise is estimated to be Rs 25,617.53 crore as against 2023-24 AE of Rs 20,298.55 crore. Though the non-tax revenue is Rs 23,819.50 crore in 2023-24, …

Congress tries to establish a lasting legacy by presenting party's first Telangana Budget
4 months, 3 weeks ago

Congress tries to establish a lasting legacy by presenting party's first Telangana Budget

New Indian Express  

HYDERABAD: By focusing on farmers, women, SCs, STs, BCs and proposing to connect the urban and rural areas of the state with Metro in its first Budget after the formation of Telangana, the Congress government has tried to take the first step toward establishing a lasting legacy in the state, especially the capital, Hyderabad. The Budget also indicates the government’s …

Odisha Budget 2024-25: Rs 2.65 Lakh Crore Focuses on Welfare and Development
4 months, 4 weeks ago

Odisha Budget 2024-25: Rs 2.65 Lakh Crore Focuses on Welfare and Development

Deccan Chronicle  

Bhubaneswar: The Bharatiya Janata Party-led Odisha government on Thursday presented Rs.2.65 lakh crore budget for the financial year 2024-25 with more special focus on agriculture, infrastructure, welfare and Odia Asmita. Presenting the budget, Chief Minister Mohan Charan Majhi, who also holds the finance portfolio, proposed the administrative expenditure at Rs 97, 725 crore and the programme expenditure of Rs 1,55,000 …

Rs.22,301 Cr proposed for irrigation sector in Telangana budget
4 months, 4 weeks ago

Rs.22,301 Cr proposed for irrigation sector in Telangana budget

Deccan Chronicle  

Hyderabad: The Congress government has proposed Rs.22,301 crore for irrigation in the budget presented by the Deputy Chief Minister Mallu Bhatti Vikramarka in the Assembly here on Thursday. As many as 73 irrigation projects have been undertaken in the State till date including 34 large and 39 medium projects. The previous government neglected completion of many projects though they were …

Telangana Budget Focuses on Infrastructure and Welfare
4 months, 4 weeks ago

Telangana Budget Focuses on Infrastructure and Welfare

Deccan Chronicle  

Hyderabad: The Congress-led State government in Telangana on Thursday presented Rs.2.91 lakh crore budget for the financial year 2023-24 with more special focus on infrastructure and welfare in the State. According to Bhatti, the global economy has recorded a growth rate of 3.2 per cent during the year 2023-24 while Indian economy has recorded a growth rate of 7.6 per …

Telangana Government presents State Budget with total outlay of ₹2.91 lakh crore
4 months, 4 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, …

Telangana Cabinet approves budget for 2024-25
4 months, 4 weeks ago

Telangana Cabinet approves budget for 2024-25

Deccan Chronicle  

Hyderabad: The State Cabinet approved the budget to be presented by the Deputy Chief Minister Mallu Bhatti Vikramarka at a meeting chaired by the Chief Minister A Revanth Reddy in the Assembly Hall here on Thursday. Bhatti, who also holds the finance portfolio, will present the budget in the State Assembly at 12 noon. Bhatti handed over the copies related …

Rs 2.5 lakh crore Telangana budget to focus on 6Gs
4 months, 4 weeks ago

Rs 2.5 lakh crore Telangana budget to focus on 6Gs

New Indian Express  

HYDERABAD: Finance Minister Mallu Bhatti Vikramarka will present the first full Budget of the Congress government after the formation of Telangana on Thursday. According to sources, the Budget for the financial year 2024–25 would be around Rs 2.5 lakh crore to Rs 2.9 lakh crore. Apart from this, an estimated Rs 15,000 crore would be required for implementing the Rythu …

Railway Budget 2024: Telangana gets record railway budget allocation of ₹5,336 crore
4 months, 4 weeks ago

Railway Budget 2024: Telangana gets record railway budget allocation of ₹5,336 crore

The Hindu  

Telangana got a record budget allocation of ₹5,336 crore for railway projects in 2024-25, as against the total railways allocation of ₹2.62 lakh crore of which ₹1.09 lakh crore has been allocated for safety-related activities, said Railways Minister Ashwini Vaishnaw on Wednesday. The budget allocations to Telangana have been witnessing sustained increase with the current year’s allocation being almost six …

Rs 1,248.91 cr for salaries of Union ministers, entertainment of State guests, ex-governors
5 months ago

Rs 1,248.91 cr for salaries of Union ministers, entertainment of State guests, ex-governors

Deccan Chronicle  

New Delhi: The 2024-25 Union Budget has allocated Rs 1,248.91 for expenses incurred by the Council of Ministers, the Cabinet Secretariat and the Prime Minister's Office, and for hospitality and entertainment of State guests. The Cabinet Secretariat has been allocated Rs 75.24 crore, against Rs 70.28 crore in 2023-24, for meeting the administrative expenses of those of the Chemical Weapons …

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

Telangana Government to credit ₹1 lakh into loan accounts of farmers under Crop Loan Waiver Scheme 2024
5 months ago

Telangana Government to credit ₹1 lakh into loan accounts of farmers under Crop Loan Waiver Scheme 2024

The Hindu  

As the stage is being set for the roll put of the crop loan waiver scheme, Telangana Government is making necessary arrangements to credit the amounts into loan accounts of farmers in different banks. ₹31,000 crore additional burden The total additional burden on the State exchequer on account of loan waiver up to ₹2 lakh, in Chief Minister A. Revanth …

India's 2024 Budget: A push for tax reform
5 months 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: …

CAG slams state govt for fiscal stress
5 months, 1 week ago

CAG slams state govt for fiscal stress

Hindustan Times  

Mumbai: In a report tabled in the Maharashtra legislature on Friday, the Comptroller and Auditor General criticised the state government for fiscal stress caused by a mismatch between receipts and expenditure. HT Image The state government’s revenue receipts grew from ₹2,78,996 crore in 2018-19 to ₹4,05,678 in 2022-23, while revenue expenditure during this period increased from ₹2,67,021 crore to ₹4,07,614 …

Maharashtra govt tables supplementary demands worth Rs 94889 crore in state assembly
5 months, 2 weeks ago

Maharashtra govt tables supplementary demands worth Rs 94889 crore in state assembly

New Indian Express  

MUMBAI: Maharashtra deputy chief minister Ajit Pawar, who is also finance minister, tabled Rs 94889 crore worth of supplementary demands on the floor of the House in the state assembly session. Interestingly, in the total Rs 94889 crore supplementary demand fund, Ajit Pawar led NCP ministers takes lion share in the state fund. In the total Rs 94889 crore worth …

Tamil Nadu government plans to borrow ₹24,000 crore in Q2, 2024-25
5 months, 3 weeks ago

Tamil Nadu government plans to borrow ₹24,000 crore in Q2, 2024-25

The Hindu  

Tamil Nadu government plans to borrow ₹24,000 crore in the second quarter of fiscal 2024-2025, as per the Indicative Calendar of Market borrowings by State governments/Union Territories, released by the Reserve Bank of India. Tamil Nadu government plans to borrow a total amount of ₹1,55,584.48 crore during 2024-25 and make repayment of ₹49,638.82 crore, as per the State Budget. At …

Telangana government to spend Rs 31,000 crore to waive off farmer loans up to Rs 2 lakh
6 months ago

Telangana government to spend Rs 31,000 crore to waive off farmer loans up to Rs 2 lakh

India TV News  

The Congress government in Telangana decided to waive loans of farmers to the tune of Rs 2 lakh by spending Rs 31,000 crore to implement its election promise today. Congress govt to spend Rs 31,000 cr Revanth Reddy said while the previous BRS government, in its two terms between 2014 and 2023, waived loans of up to Rs 28,000 crore, …

Telangana's budget to be hiked to Rs 75,000 cr
6 months, 1 week ago

Telangana's budget to be hiked to Rs 75,000 cr

Deccan Chronicle  

Hyderabad: The Six Guarantees promised by the Congress during the state Assembly elections will get higher allocations in the full budget set to be presented in the Legislative Assembly in July, official sources said. In his budget speech, Deputy Chief Minister holding finance portfolio, Mallu Bhatti Vikramarka said, “We have proposed Rs 53,196 crore for implementation of the Six Guarantees …

RBI's Balance Sheet Rises 11 pc to Rs 70.47 Lakh Cr in FY24
6 months, 3 weeks ago

RBI's Balance Sheet Rises 11 pc to Rs 70.47 Lakh Cr in FY24

Deccan Chronicle  

In actual terms, the increase was Rs 7,02,946.97 crore over Rs 63.45 lakh crore as of March 2023. The central bank's net income stood at Rs 2.11 lakh crore at end-March 2024 after making a provision of Rs 42,819.91 crore, significantly down from Rs 1,30,875.75 crore in the preceding fiscal. Last week, the RBI approved the highest-ever dividend payout of …

Fiscal deficit for Apr-Feb hits 86.5% of FY24 target
8 months, 3 weeks ago

Fiscal deficit for Apr-Feb hits 86.5% of FY24 target

New Indian Express  

NEW DELHI: India’s fiscal deficit for April to February of FY24 reached Rs 15.01 lakh crore, representing nearly 86.5% of the target set for the full financial year, according to the government data. During the corresponding period in the previous year, the fiscal deficit was recorded at Rs 14.53 lakh crore. As of February 2024, the Government of India has …

Telangana’s GST Revenue Sees 18% Growth in 2024
8 months, 4 weeks ago

Telangana’s GST Revenue Sees 18% Growth in 2024

Deccan Chronicle  

Hyderabad: Collections in the commercial tax department have increased in the state owing to a slew of steps taken by the department. In this milieu, among the bigger states Telangana’s GST revenue grew from Rs.4,424 crore in 2023 to Rs.5,211 crore in 2024. The 18 per cent increase is the second best among southern states after Karnataka’s 19 per cent. …

Fiscal deficit at Jan-end touches 63.6 pc of full year target, says govt data
9 months, 3 weeks ago

Fiscal deficit at Jan-end touches 63.6 pc of full year target, says govt data

Hindustan Times  

The government's fiscal deficit at ₹11 lakh crore at January end touched 63.6 per cent of the revised annual target, according to the official data released on Thursday. The government's total receipts stood at ₹ 22.52 lakh crore as of January 2024 In the corresponding period last year, the fiscal deficit or gap between the expenditure and revenue was 67.8 …

Ahead of Lok Sabha elections parties declare income: BJP highest, NPP's wealth surged 1,502 per cent
9 months, 3 weeks ago

Ahead of Lok Sabha elections parties declare income: BJP highest, NPP's wealth surged 1,502 per cent

India TV News  

With nearly Rs 2,361 crore in the 2022-23, the Bharatiya Janata Party was declared as the political party with highest income followed by Congress with Rs 452.375 crore, the Association for Democratic Reforms said. The BJP, Congress and AAP collected 49.09 per cent or Rs 1,510.61 crore of national parties' total income from donations through electoral bonds for FY 2022-23. …

Ajit Pawar presents interim budget, state debt reaches ₹7.82 lakh crore
9 months, 3 weeks 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 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, …

Capital expenditure revised downwards for 2023-24 - The Hindu
10 months ago

Capital expenditure revised downwards for 2023-24 - The Hindu

The Hindu  

Tamil Nadu budget has revised the capital expenditure downwards to ₹42,532 crore in revised estimates for 2023-24 from ₹44,366 crore in the budget estimates. The capital expenditure goes towards creation of fixed assets such as roads and bridges, irrigation structures, schools, hospitals, along with investments made in Public Sector Undertakings. For 2024-25, the State has estimated its capital expenditure to …

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

Karnataka Budget: No tax hike, borrowings cross ₹1 lakh crore in revenue deficit
10 months, 1 week ago

Karnataka Budget: No tax hike, borrowings cross ₹1 lakh crore in revenue deficit

The Hindu  

The total outlay of the Karnataka State budget for 2024-25 is pegged at ₹3,71,383 crore, as against a revised estimate of ₹3,12,708 crore for 2023-24. Karnataka Budget 2024-25: LIVE coverage While the Chief Minister has not increased any taxes, he has presented a revenue deficit budget with the net borrowings crossing ₹1 lakh crore, perhaps for the first time in …

Telangana: CAG suggests reforms, an end to indirect borrowings system
10 months, 1 week ago

Telangana: CAG suggests reforms, an end to indirect borrowings system

New Indian Express  

HYDERABAD: The Comptroller and Auditor General recommended that the state government tread a reform path to end indirect borrowings within a set timeframe, as recommended by the Fifteenth Finance Commission. The CAG also recommended the government to fully disclose its off-budget borrowings taken through Special Purpose Vehicles/Public Sector Undertakings/Autonomous Bodies for implementation of government schemes/programmes/works in the interest of transparency. …

TS Assembly passes Appropriation Bill
10 months, 1 week ago

TS Assembly passes Appropriation Bill

Deccan Chronicle  

Hyderabad: The Telangana Appropriation Bill, 2024 and The Telangana Appropriation Bill, 2024 were passed by the Assembly on Thursday with the House approving Rs 78,911 crore to meet the essential expenditure for the first four months of 2024-25 fiscal and Rs 46,400 crore as additional expenditure during 2023-24. Deputy Chief Minister and finance minister Mallu Bhatti Vikramarka, who introduced the …

Telangana State Revenue Hits Rs 1 Lakh Crore; CAG Flags Tax Discrepancies
10 months, 1 week ago

Telangana State Revenue Hits Rs 1 Lakh Crore; CAG Flags Tax Discrepancies

Deccan Chronicle  

Hyderabad: The state’s total revenue for 2020-21 amounted to Rs 1,00,914 crore, including Rs 66,650 crore in taxes. The CAG report said a detailed scrutiny of 1,456 registered documents of stamp duty and registration fee revealed under assessment valuing of Rs 3.44 crore in 347 documents. As regards motor vehicle taxes, non-raising of demand led to non-realisation of quarterly tax …

Assam govt presents ₹774.47 crore deficit budget; no new taxes proposed
10 months, 1 week ago

Assam govt presents ₹774.47 crore deficit budget; no new taxes proposed

Hindustan Times  

With no new taxes proposed, Assam finance minister Ajanta Neog on Monday presented the state’s ₹774.47 cr deficit budget for 2024-25 financial year. Addressing the ongoing budget session, Neog mentioned that the total budget for the coming financial year will be ₹2.9 lakh crore. If we take into account the deficit of ₹2369.41 crore at the start of the financial …

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