Budget 2023: Govt Asks Citizens To Send Suggestions, Ideas Through My Gov Portal. Check Details
2 years, 1 month ago

Budget 2023: Govt Asks Citizens To Send Suggestions, Ideas Through My Gov Portal. Check Details

ABP News  

In a bid to seek suggestions and ideas from the public, the government has invited ideas and suggestions for the upcoming Union Budget 2023-24 which will be presented in February next year. Steps To Submit Suggestions Firstly, visit My Gov portal and search inviting ideas and suggestions for Union Budget 2023-24 Login to the account via OTP. Govt targets to narrow the Budget deficit by 50 bps: Report Meanwhile, the government is aiming to narrow its budget deficit by at least 50 basis points as authorities balance global investor scrutiny with the need for higher spending as the nation enters an election year, reported news agency Bloomberg. The government may also do better than the budgeted FY23 fiscal deficit target as the revenue game is relatively better, reported the Economic Times.

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History of this topic

Income Tax Budget 2025 Expectations: Taxpayers await relief as FM Sitharaman prepares for February 1 announcement
Top News
3 days, 5 hours ago

Income Tax Budget 2025 Expectations: Taxpayers await relief as FM Sitharaman prepares for February 1 announcement

Live Mint  

Income Tax Budget 2025 Expectations: As the Union Budget 2025, scheduled for February 1, approaches, expectations among salaried individuals for potential income tax relief are mounting. In Budget 2020, Finance Minister Nirmala Sitharaman unveiled the New Tax Regime, which aimed to streamline the taxing process by lowering tax rates and eliminating most exemptions and deductions. 1) Raise tax slabs Ashish …

India’s April-November 2024 fiscal deficit hits 52.5% of FY25 target at ₹8.47 lakh crore
1 week, 4 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, …

Union Budget 2025–26: Finance Ministry to Be Flexible in Fiscal Policy
2 weeks, 4 days ago

Union Budget 2025–26: Finance Ministry to Be Flexible in Fiscal Policy

Deccan Chronicle  

New Delhi: Ahead of the new Union Budget for 2025-26, the finance ministry has emphasised adopting a fair degree of flexibility in conducting its fiscal policy, but it also cautioned about the risk to growth, keeping in mind the prevailing uncertainty in the global economy. The government’s commitment to pursue the glide path of fiscal consolidation announced in the FY22 …

Union Budget 2024: Where does Centre spend the most money?
5 months, 2 weeks ago

Union Budget 2024: Where does Centre spend the most money?

Hindustan Times  

Union finance minister Nirmala Sitharaman presented Union Budget in Parliament of Tuesday. Union Budget 2024: Union finance minister Nirmala Sitharaman with the Budget tablet arrives at the Parliament to present the Union Budget 2024-25 during the Monsoon Session, in New Delhi on Tuesday. "The fiscal consolidation path announced by me in 2021 has served our economy very well, and we …

Budget 2024: Modi govt reduces fiscal deficit target to 4.9 per cent of GDP for FY25
5 months, 2 weeks ago

Budget 2024: Modi govt reduces fiscal deficit target to 4.9 per cent of GDP for FY25

India TV News  

Union Budget 2024: In her presentation of the Union Budget for the fiscal year 2024-25, Union Finance Minister Nirmala Sitharaman announced a fiscal deficit target of 4.9 per cent of the gross domestic product. This marks a significant reduction from the target set in the Interim Budget presented on February 1, which pegged the fiscal deficit at 5.1 per cent …

Budget 2024: These five pieces you can’t miss
5 months, 2 weeks ago

Budget 2024: These five pieces you can’t miss

Live Mint  

Mint brings you five curated pieces on the Budget. Budget: The election outcome and voter concerns can offer Sitharaman some clues Rajrishi Singhal discusses the potential impact of the recent Lok Sabha election results on the Union Budget. With the Bharatiya Janata Party losing significant ground, key considerations may include the resurgence of state-specific voting patterns, the need for increased …

A look at key macro numbers ahead of Budget: GDP, fiscal deficit, inflation
5 months, 3 weeks ago

A look at key macro numbers ahead of Budget: GDP, fiscal deficit, inflation

Hindustan Times  

Finance minister Nirmala Sitharaman is set to present the Union Budget 2024-25 on July 23 as experts widely expect that at least a few populist schemes will be announced which will help boost the rural economy and also create jobs. Here's a look at the macro numbers ahead of Budget 2024: Budget 2024: Experts widely expect that at least a …

Union Budget 2024: A look at 5 big themes before Sitharaman reveals cards
5 months, 3 weeks ago

Union Budget 2024: A look at 5 big themes before Sitharaman reveals cards

Firstpost  

As the country waits with bated breaths for the 2024 Union Budget, here’s a look at some of the big themes experts believe will take centre stage With the completion of the customary Halwa Ceremony, Finance Minister Nirmala Sitharaman is all set to table the 2024 Union Budget. Key themes before Sitharaman shows her cards According to analysts, the following …

Union Budget 2024: Middle class might not get expected tax relief
5 months, 3 weeks ago

Union Budget 2024: Middle class might not get expected tax relief

India Today  

The government led by Prime Minister Narendra Modi is expected to tilt towards populism given the weaker mandate and the huge dividend of Rs 2.1 trillion for FY24 given by the Reserve Bank of India. As the government prepares to present the budget for the financial year 2024-25 on July 23, the middle class may not see the anticipated tax …

Union Budget To Prioritise Fiscal Targets, Jobs, And Inflation: Goldman Sachs
6 months ago

Union Budget To Prioritise Fiscal Targets, Jobs, And Inflation: Goldman Sachs

ABP News  

The Union Budget for the fiscal year 2024-25 is likely to prioritise maintaining capex spending levels and adhering strictly to fiscal consolidation goals while maintaining a special focus on job creation, as per Goldman Sachs. In their note published on Monday, they caution against expecting any relaxation in fiscal consolidation measures or a shift towards increased welfare spending at the …

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

How FM struck a fiscal chord: Story of Budget in nine charts
11 months, 1 week ago

How FM struck a fiscal chord: Story of Budget in nine charts

Live Mint  

The general elections are around the corner but finance minister Niramala Sitharaman, unlike her predecessor Piyush Goyal in 2019, chose fiscal prudence over any big-bang policy announcements meant to woo the voters. Robust tax collections have given the government room to extend the free foodgrain programme, hike LPG subsidy, and increase the allocation for the rural jobs scheme, all of …

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: CII welcomes Indian government's push for infrastructure, Capex-led growth
11 months, 1 week ago

Budget 2024: CII welcomes Indian government's push for infrastructure, Capex-led growth

Firstpost  

The Confederation of Indian Industry welcomed the Budget 2024 and the step by the Indian government step towards increasing capital expenditure by almost 11 per cent. In the Interim Budget 2024, the government proposed to increase capital expenditure outlay by 11.1 per cent to Rs 11.11 lakh crore for financial year 2024-25. Our recommendation initially was a 5.4 per cent …

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 2024: Nominal GDP growth seen at 10.50 per cent, FY24 fiscal deficit revised down to 5.80 per cent
11 months, 1 week ago

Budget 2024: Nominal GDP growth seen at 10.50 per cent, FY24 fiscal deficit revised down to 5.80 per cent

India TV News  

In the interim Budget presented by Finance Minister Nirmala Sitharaman, the Union government has assumed a nominal GDP growth of 10.50 per cent for the fiscal year 2024-25. The revised estimate of the fiscal deficit for FY24 is 5.8 per cent of GDP, improving on the budget estimate despite a moderation in nominal growth estimates. Union Finance Minister Nirmala Sitharaman …

Budget 2023: Key terms in the budget explained
11 months, 1 week ago

Budget 2023: Key terms in the budget explained

Hindustan Times  

Union Finance Minister Nirmala Sitharaman is set to present the interim Budget 2024 in Parliament on February 1- the last budget before the country goes into general elections. Here are some important terms that you should understand to be able to comprehend the budget announcements better: Budget 2023: Union Finance Minister Nirmala Sitharaman is seen. Consolidated Fund The entire revenue …

Budget 2024: 5 essential questions for investors answered by Goldman Sachs
11 months, 4 weeks ago

Budget 2024: 5 essential questions for investors answered by Goldman Sachs

Live Mint  

Budget 2024: Goldman Sachs in its report on FY25 interim budget say that interim budget is likely to follow the fiscal consolidation path Three key things for investors to look out for in the interim budget as per Goldman Sachs include: a) the government’s commitment to the medium-term fiscal consolidation path, b) if capex growth can continue with fiscal consolidation, …

Union Budget 2024: Income tax rebate unlikely to rise in interim budget, says report
1 year ago

Union Budget 2024: Income tax rebate unlikely to rise in interim budget, says report

Hindustan Times  

Less than a month away from the presentation of the interim Union Budget 2024, a senior finance ministry official has said that no rebate is expected on income tax for the upcoming financial year, reported Moneycontrol on Tuesday. Earlier, there were speculations that the Finance Ministry will include a proposal that the personal income tax rebate be increased from the …

Mint Explainer: What are the government's borrowing plans for FY24?
1 year, 5 months ago

Mint Explainer: What are the government's borrowing plans for FY24?

Live Mint  

Every fiscal year, the government borrows from a variety of sources in order to close the fiscal deficit gap in the union budget. To finance its fiscal deficit in FY 2023-24, the central government is planning to raise net debt of ₹17.99 trillion from various sources. During FY 24, the government plans to raise ₹11.81 trillion from market loans, ₹ …

Centre Reaches 25 Per Cent Of Its Annual Fiscal Deficit Target In April-June
1 year, 5 months ago

Centre Reaches 25 Per Cent Of Its Annual Fiscal Deficit Target In April-June

ABP News  

The Indian government has already touched 25.3 per cent of its fiscal deficit target for the whole year. According to the data released by the Controller General of Accounts on Monday, the fiscal deficit for the first quarter of the current fiscal year accounts for about 25 per cent of the total fiscal deficit target for the year. According to …

Govt meets 6.4% fiscal deficit target for FY23
1 year, 7 months ago

Govt meets 6.4% fiscal deficit target for FY23

Hindustan Times  

The Union government met its fiscal deficit target of 6.4% of the gross domestic product for 2022-23 on the back of robust tax revenue despite higher revenue expenditure, particularly on account of subsidies and interest payments, official data released on Wednesday showed. Fiscal deficit indicates government’s borrowing to meet the gap between revenue receipts in a particular financial year and …

Centre's fiscal deficit for 2022-2023 narrows to 6.4 pc of GDP | DEETS inside
1 year, 7 months ago

Centre's fiscal deficit for 2022-2023 narrows to 6.4 pc of GDP | DEETS inside

India TV News  

Centre's fiscal deficit : Finance Minister Nirmala Sitharaman's anticipation for the Centre's fiscal deficit came true as it narrowed to 6.4 per cent of the GDP in 2022-2023 from 6.71 per cent in FY22. The government earlier aimed to further bring down the fiscal deficit during the current financial year 2023-24 to 5.9 per cent of the GDP. Aditi Nayar, …

W.B. Budget for 2023-24 broadens welfare schemes, gives incentives to jobs
1 year, 10 months ago

W.B. Budget for 2023-24 broadens welfare schemes, gives incentives to jobs

The Hindu  

With an eye on the upcoming panchayat polls, the West Bengal government’s Budget for the year 2023-24 on Wednesday widened the ambit of social welfare schemes like Lakshmi Bhandar, added a new scheme providing death benefits for fishermen, promised financial assistance for micro-enterprise and allocated ₹3000 crore for rural road connectivity and repair of urban roads in the State. Minister …

Explained | Is the government on track on fiscal deficit targets?
1 year, 11 months ago

Explained | Is the government on track on fiscal deficit targets?

The Hindu  

The story so far: In the Union Budget for 2023-24, Finance Minister Nirmala Sitharaman chose the path of relative fiscal prudence and projected a decline in fiscal deficit to 5.9% of gross domestic product in FY24, compared with 6.4% in FY23. In Union Budget 2023-24, the fiscal deficit to GDP is pegged at 5.9% in FY24. The primary deficit, which …

Key takeaways from Union Budget 2023-24 in charts
1 year, 11 months ago

Key takeaways from Union Budget 2023-24 in charts

The Hindu  

The government will focus on economic growth and job creation and cut down the fiscal deficit, Union Finance Minister Nirmala Sitharaman said on Wednesday, presenting its last full budget in Parliament before the 2024 election. Transfer to states/UTs Allocation to Ministries The Union Budget allocated a massive ₹5.94 lakh crore for the Defence Ministry, a 13% increase year-on-year from last …

The Union budget for 2023-24 is rather well placed on fiscal math
1 year, 11 months ago

The Union budget for 2023-24 is rather well placed on fiscal math

Live Mint  

All credit goes to Finance Minister Nirmala Sitharaman and her team for extraordinary fiscal performance over three years of relentless pressure from the pandemic followed by the Ukraine war. During the current fiscal year closing on 31 March 2023, the Central fiscal deficit has held at 6.4% as budgeted, despite additional expenditure of ₹2 trillion on food and fertilizer subsidies. …

Union Budget 2023: What Modi Govt's New Tax Regime Has In Store, Gain Or Pain?
1 year, 11 months ago

Union Budget 2023: What Modi Govt's New Tax Regime Has In Store, Gain Or Pain?

The Quint  

The Union Budget speech of Finance Minister Nirmala Sitharaman highlighted seven key priority goals as the “Saptarishis guiding through the Amrit Kaal” for this year’s fiscal outlay map: a) Inclusive Development; b) Last Mile Development; c) Infrastructure and Investment; d) Green Growth; e) Youth, and f) Financial Sector. Key fiscal numbers were kept in line with the broader market expectations …

Watch | Union Budget 2023-24 Highlights | Income tax rebate limit increased to ₹7 lakh; Railways accorded highest-ever capital outlay
1 year, 11 months ago

Watch | Union Budget 2023-24 Highlights | Income tax rebate limit increased to ₹7 lakh; Railways accorded highest-ever capital outlay

The Hindu  

Announcing its last full budget before the 2024 elections, the NDA government focused on a slew of measures that expanded Capital Expenditure spending and tied in various priorities including Green Growth, Youth Power and Inclusive Development. Here are the key highlights from today budget speech: Major announcements: > Finance Minister Nirmala Sitharaman upped the rebate limit for paying income taxes …

Budget 2023 | Fiscal deficit to be brought down to below 4.5% by 2025-26: FM Nirmala Sitharaman
1 year, 11 months ago

Budget 2023 | Fiscal deficit to be brought down to below 4.5% by 2025-26: FM Nirmala Sitharaman

The Hindu  

Fiscal deficit would be brought down to below 4.5% by 2025-26, Finance Minister Nirmala Sitharaman said on February 1. She also said that tax receipts for the next fiscal are budgeted at ₹23.3 lakh crore and States would be allowed 3.5% of GDP as fiscal deficit. To finance the fiscal deficit in 2023-24, net market borrowing from dated securities is …

Union Budget 2023 today: What to expect from Nirmala Sitharaman | Top points
1 year, 11 months ago

Union Budget 2023 today: What to expect from Nirmala Sitharaman | Top points

Hindustan Times  

Union finance minister Nirmala Sitharaman on Wednesday will unveil the last full-year budget before Prime Minister Narendra Modi-led NDA government seeks a third term in the 2024 Lok Sabha election. From 11am in Parliament, Sitharaman is expected to announce a spending plan of over $544 billion in the financial year starting April to boost employment, fund social welfare and provide …

Budget 2023: Temptation to see the budget as populist might exist, but there is a hope that won't happen
1 year, 11 months ago

Budget 2023: Temptation to see the budget as populist might exist, but there is a hope that won't happen

Firstpost  

The upcoming Union Budget provides an opportunity for the government to revive the economy as India begins its historic leadership at the G20. The Ministry of Finance and department of economic affairs released a budget circular to systematically drive the narrative of various elements in India’s Union Budget 2023–24. Economy to grow by 7.0% in current fiscal The Indian economy …

Union Budget 2023: Indirect tax reforms that India Inc expects from govt
1 year, 11 months ago

Union Budget 2023: Indirect tax reforms that India Inc expects from govt

India Today  

Riding high on the vigour encapsulated through propelling economic recovery, steadily fortifying the banking and financial system, the Narendra Modi-led government is all groomed to unveil its last full-fledged budget ahead of the general elections set to kick off in early 2024. Amidst a sharp rise in legal proceedings and litigations, it is expected that the government may announce the …

Budget 2023. Economists Expect Budget To Focus On Strengthening Manufacturing, Creating Jobs: Report
1 year, 11 months ago

Budget 2023. Economists Expect Budget To Focus On Strengthening Manufacturing, Creating Jobs: Report

ABP News  

In just two days Budget 2023 will be presented in the Lok Sabha. According to the survey, the majority of economists expect this Budget "to steer clear of populist measures and focus on strengthening manufacturing and creating jobs." According to HSBC Holding Plc’s chief India economist Pranjul Bhandari, the nation’s path to fiscal consolidation will require a herculean effort. The …

Budget 2023: What do common people EXPECT from central government this fiscal year?
1 year, 11 months ago

Budget 2023: What do common people EXPECT from central government this fiscal year?

India TV News  

Union Budget 2023: Ahead of the Union Budget for the fiscal year 2023-24, citizens across a wide segment of society have voiced their expectations. Passengers upbeat about Vande Bharat trains and Bullet Trains project The Vande Bharat trains and the Bullet Trains project also attracted a lot of excitement from the passengers. Passengers demand more trains Meanwhile, regular railway travellers …

Budget 2023 may peg gross borrowing under ₹16 trillion: Report
1 year, 11 months ago

Budget 2023 may peg gross borrowing under ₹16 trillion: Report

Live Mint  

India's federal government is likely to keep its gross market borrowing below ₹16 trillion for 2023/24 as it does not want to destabilise the bond market with any negative surprises, two sources close to the deliberations said. The government has so far raised ₹12.93 trln up to Jan. 27, which is 91% of the overall gross borrowing target of ₹14.21 …

Union Budget 2023: Stocks to look out for ahead of the Budget
1 year, 11 months ago

Union Budget 2023: Stocks to look out for ahead of the Budget

India TV News  

Budget 2023: With the Union Budget only a few days away, some market participants may be looking for tactical wagers that could pay off if some of the policy expectations are met. With the government's continued emphasis on infrastructure and defence, equities such as IRCON International, PNC Infratech & KNR constructions, and Bharat Dynamics may find themselves in the spotlight. …

Budget 2023 | How to read the Budget document
1 year, 11 months ago

Budget 2023 | How to read the Budget document

India TV News  

Budget 2023: Finance Minister Nirmala Sitharaman will present the Union Budget on February 1. Even though it is only a small part of the Budget document, the speech is the most important aspect. BUDGET 2023: FULL COVERAGE Direct and indirect tax announcements are included in Part B. The government's capital expenditures, administrative expenses, tax revenue, non-tax revenue, subsidy payments for …

Budget 2023: Govt may peg lower nominal GDP growth, says report
1 year, 11 months ago

Budget 2023: Govt may peg lower nominal GDP growth, says report

India Today  

The Union Budget 2023 is just days away and Finance Minister Nirmala Sitharaman will present the plan for the next financial year at a time when India faces multiple growth challenges. Two government officials quoted in a Reuters report said the nominal GDP growth could be pegged at 11 per cent in the budget next week, marking a slowdown from …

Will Union Budget 2023 Help in Boosting the Indian Economy?
1 year, 11 months ago

Will Union Budget 2023 Help in Boosting the Indian Economy?

News 18  

The Union Budget is one of the most awaited documents presented by the Government of India. However, with inflation and with post-pandemic recovery boosting tax revenues, it is expected that the central gross fiscal deficit will be contained at the target of 6.4% for this fiscal year. In the previous Budgets, the FM had opted for a longer fiscal consolidation …

Budget 2023: Focus Would Be On Fiscal Consolidation To Achieve Fiscal Deficit Target
1 year, 11 months ago

Budget 2023: Focus Would Be On Fiscal Consolidation To Achieve Fiscal Deficit Target

ABP News  

Finance Minister Nirmala Sitharaman is going to present the last full-fledged Budget of the Modi 2.0 government on February 1 amid a gordian knot of challenges facing the world economy. The government has pencilled in a fiscal deficit target at 6.4 per cent of the GDP for the current financial year for stronger and sustainable growth. The target is consistent …

Budget Expectations-2023 Live Updates: Will Govt Make the New Tax Regime More Attractive?
1 year, 11 months ago

Budget Expectations-2023 Live Updates: Will Govt Make the New Tax Regime More Attractive?

News 18  

India's Exports in December 2022 Decline 12.2% To $34.48 Billion; Trade Deficit At $23.76 Billion India’s exports in December 2022 dipped by 12.2 per cent to $34.48 billion as against $39.27 billion in the same month last year, according to the data released by the commerce ministry on Monday. Pre-Budget Expectations 2023 Live Updates: Just Dial Freezes at 10% Upper …

Budget 2023: Blue sheet, finance bill, fiscal deficit - understanding key Budget terms
1 year, 11 months ago

Budget 2023: Blue sheet, finance bill, fiscal deficit - understanding key Budget terms

India TV News  

Budget 2023: As India gears up for the presentation of the Union Budget Budget 2023, it is important to understand the language and jargon that is commonly used when discussing the country's financial plans. FAQs Q1: When is the Indian Union Budget presented? A: The Indian Union Budget is presented on the first day of February, by the Finance Minister …

What will be the math behind Budget 2023?
2 years ago

What will be the math behind Budget 2023?

Live Mint  

In the upcoming Union budget, the Centre will make prudent promises as always about keeping its finances in check. That’s changed: a fresh estimate released on Friday predicts growth at 15.4%, which means the Centre can keep its 6.4% promise even if fiscal deficit overshoots the target by about ₹0.9 trillion. View Full Image Mint Fiscal Hole In its budget …

India's April-November 2022 Fiscal Deficit Hits 58.9% Of Full-FY23 Target; Details Here
2 years ago

India's April-November 2022 Fiscal Deficit Hits 58.9% Of Full-FY23 Target; Details Here

News 18  

India’s fiscal deficit during April-November 2022 stood at Rs 9.78 lakh crore, or 58.9 per cent of the full-financial year target, according to the latest official data released on Friday. According to the latest data from the Controller General of Accounts, the Centre’s total expenditure during April-November 2022 stood at Rs 24,42,787 crore, which is 61.9 per cent of the …

India's April-September Fiscal Deficit Hits 37.3% Of Full FY23 Target
2 years, 2 months ago

India's April-September Fiscal Deficit Hits 37.3% Of Full FY23 Target

News 18  

The central government’s fiscal deficit during April-September 2022 touched 37.3 per cent of the full-year target, according to the latest official data. According to the data released by the Controller General of Accounts on Monday, the government’s total receipts, including taxes, stood at Rs 12.03 lakh crore or 52.7 per cent of BE for 2022-23. For 2022-23, the fiscal deficit …

Govt. Invites Suggestions From Industry And Trade Associations For Changes In Direct and Indirect Taxes in Budget 2023-24
2 years, 2 months ago

Govt. Invites Suggestions From Industry And Trade Associations For Changes In Direct and Indirect Taxes in Budget 2023-24

Live Law  

The Ministry of Finance has invited suggestions from industry and trade associations for changes in direct and indirect taxes in Budget 2023-24.The Ministry of Finance would like to gain from the Trade Association's suggestions and viewpoints as it develops the proposals for the Union Budget of 2023–24.The industry and trade associations might send their recommendations for modifications to. The Ministry …

Fiscal deficit touches 20.5% of annual target in April-July: official data
2 years, 4 months ago

Fiscal deficit touches 20.5% of annual target in April-July: official data

The Hindu  

The Central Government's fiscal deficit touched 20.5% of the annual target at the end of July 2022-23 against 21.3% a year ago, reflecting improvement in public finance, as per official data released on Wednesday. As per the data released by the Controller General of Accounts, the government's receipts, including taxes, stood at ₹7.85 lakh crore or 34.4% of the Budget …

India's Fiscal Deficit Hits 12.3% Of Full-Year Target Till May-End; Govt Expenditure At Rs 5.85 Lakh Crore
2 years, 6 months ago

India's Fiscal Deficit Hits 12.3% Of Full-Year Target Till May-End; Govt Expenditure At Rs 5.85 Lakh Crore

News 18  

India’s fiscal deficit during April-May hit Rs 2,03,921 crore, or 12.3 per cent of the target for the entire current financial year, mainly due to higher expenditure, according to official data. The fiscal deficit, which is the difference between the government’s total expenditure and revenue, had stood at 8.2 per cent of the FY22 budget estimate during the corresponding period …

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