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 Capital Transactions – ₹9,905 crore and Taxes on Commodities and Services – ₹46,833 crore. The non-tax revenue came from heads like Interest Receipts, Dividends and Profits – ₹1,322 crore, General Services – ₹1,001 crore, Social Services – ₹304 crore and Economic Services – ₹4,805 crore. With regard to grants-in-aid, AP received ₹14,081 crore from centrally AP’s total tax revenue has been pegged at ₹1,31,633 crore out of which ₹45,711 crore is from state’s share of union tax and ₹85,922 crore from the state’s own tax revenue for 2023–24. The major components of AP’s revenue expenditure during 2023–24 have been Social Services – ₹97,396 crore, Economic Services – ₹47,014 crore, General Services – ₹38,537 crore and Debt Servicing – ₹29,481 crore, while the capital expenditure is ₹23,330 crore.

Tax Services Revenue Crore Expenditure  services  202324  lakh  aps  taxes  ap  receipts  revenue  tax  total  estimated  rs236  crore  expenditure  rs256  capital

History of this topic

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 …

Odisha Assembly Passes ₹12,156 Cr Supplementary Budget Amid Oppn walkout
2 weeks, 3 days 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 …

India’s April-October fiscal deficit narrows to ₹7.51 trillion, driven by RBI dividend and lower capex
3 weeks, 3 days 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 …

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 …

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 …

A ‘corrective’ budget’ to repair AP: Health Minister Yadav
1 month, 1 week ago

A ‘corrective’ budget’ to repair AP: Health Minister Yadav

Deccan Chronicle  

Vijayawada: AP’s annual budget for the 2024-25 financial year is a “corrective budget” aimed at repairing the economy “destroyed due to the YSRC’s misgovernance,” Health Minister Satya Kumar has said. The Rs 2.94 lakh crore annual budget reflected the aspirations of the people, he said on Monday.Speaking to the media, Yadav noted that the government made a total allocation 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 …

AP govt to table budget on Monday, with four months left in FY
1 month, 1 week ago

AP govt to table budget on Monday, with four months left in FY

Deccan Chronicle  

Amaravati: The Andhra Pradesh government is expected to present the state budget on Monday, during the assembly session starting tomorrow, according to official sources. The TDP-led NDA government had previously promulgated an ordinance approving a Vote-on-Account budget of Rs 1.3 lakh crore for the period from August to November. Earlier, the previous YS Jagan Mohan Reddy-led YSRCP government had presented …

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 …

Chandigarh suffers ₹240 crore revenue loss in first half of fiscal year
1 month, 2 weeks 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. …

Income Tax Filers Exceed 2.3 Lakh, with High Majority Being Businesspersons and Professionals
2 months ago

Income Tax Filers Exceed 2.3 Lakh, with High Majority Being Businesspersons and Professionals

Hindustan Times  

Number of taxpayers with over ₹1 crore of taxable income rose significantly in the assessment year 2023-24. The number of taxpayers with more than ₹1 crore of taxable income increased by more than five times, reaching nearly 2.3 lakh. This surge in income earners is attributed to the rise in the number of salaried individuals earning over ₹1 crore, with …

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

U.P. govt mops up over ₹98k cr tax revenue in six months
2 months, 2 weeks ago

U.P. govt mops up over ₹98k cr tax revenue in six months

Hindustan Times  

The Uttar Pradesh government has earned higher tax and non-tax revenue in the first six months of 2024-25 vis-a-vis the previous financial year, collecting tax revenue of ₹98,886.75 crore from April 1 to September 30, 2024. Other main tax revenue earners for the state government included excise with collections of ₹22,564.29 crore from this head. The state government’s non-tax revenue …

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 …

U.P govt’s revenue earnings up by ₹1725.83 crore in August
3 months, 2 weeks 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 …

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 …

Puducherry GSDP grew by 7.54 % and per capita income by 7.61% in 2023-24
4 months, 3 weeks 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 …

AP to Get Rs.80,000 Crore Central Funds for Various Projects, Says Union Minister Chandrasekhar
4 months, 3 weeks ago

AP to Get Rs.80,000 Crore Central Funds for Various Projects, Says Union Minister Chandrasekhar

Deccan Chronicle  

Vijayawada: Central funds of around Rs.80,000 crore are coming to Andhra Pradesh in the form of various projects and more funds will be channelled to the state through central schemes. Addressing the media in Guntur on Sunday, Union minister of state for rural development, Pemmasani Chandrasekhar, said,”No one had expected that the Centre would give as high as Rs.15,000 crore …

‘Andhra’s debt rose to over ₹9 lakh crore’: Naidu in white paper
4 months, 3 weeks ago

‘Andhra’s debt rose to over ₹9 lakh crore’: Naidu in white paper

Hindustan Times  

Telugu Desam Party president and Andhra Pradesh chief minister N Chandrababu Naidu on Friday alleged that the state’s economy had witnessed a sharp fall in the growth rate from 13.5% to 10.5% during the five-year regime of the previous YSR Congress Party government, resulting in a loss of revenue up to ₹6.94 lakh crore. The chief minister said the state’s …

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 …

Bihar witnessing high growth amid rising fiscal stress: CAG report
4 months, 3 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 …

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 …

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, …

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 …

Why Madhya Pradesh budget is a tightrope walk for govt
5 months, 2 weeks ago

Why Madhya Pradesh budget is a tightrope walk for govt

India Today  

Madhya Pradesh deputy chief minister Jagdish Devda, also the state’s finance minister, on July 3, presented the state’s budget for 2024-25, with an outlay of Rs 3.65 lakh crore and prime focus on the farm sector, women and child development and health. While the health sector’s allocation has mainly gone up due to added infrastructure in the form of 11 …

Maharashtra economic growth to fall from 9.4% to 7.6% in 2023-24
5 months, 3 weeks ago

Maharashtra economic growth to fall from 9.4% to 7.6% in 2023-24

Hindustan Times  

Mumbai: Maharashtra’s economy is expected to grow at 7.6% in the financial year 2023-24, which is at par with the growth of the Indian economy but lower than 9.4% recorded in 2022-23, according to the state’s latest economic survey. The state’s per capita income is expected to grow to ₹2,77,603 in 2023-24 from ₹2,52,389 crore in 2022-23. Deputy chief minister …

Odisha: Welfare promises, capex will need tightrope walk by government
5 months, 3 weeks ago

Odisha: Welfare promises, capex will need tightrope walk by government

New Indian Express  

BHUBANESWAR: As the Mohan Charan Majhi government prepares for budget 2024-25, funding of ambitious welfare schemes vis-a-vis capital expenditure will require a tightrope walk. As approved in the first cabinet chaired by Majhi after he took oath as the chief minister, the government seeks to implement at least three major promises - Subhadra Yojana, support price of Rs 3,100 per …

APSRTC fixes commercial revenue target for 2024-25 fiscal at ₹500 crore
6 months, 1 week ago

APSRTC fixes commercial revenue target for 2024-25 fiscal at ₹500 crore

The Hindu  

The Andhra Pradesh State Road Transport Corporation has fixed a commercial revenue target of ₹500 crore for the current financial year. The APSRTC officials said that taking into consideration the performance of the 2023-24 fiscal year, the total commercial revenue target for this fiscal had been fixed at ₹500 crore. In addition to the revenue earned through the operation of …

Centre releases ₹1.39 lakh crore to states in June
6 months, 1 week ago

Centre releases ₹1.39 lakh crore to states in June

Live Mint  

The Central government has devolved ₹1.39 lakh crore to states as devolution of its tax revenue in June, finance ministry stated on Monday. Centre devolves 41% of its tax revenue to state governments as part of the formula set by the Finance Commission. The Commission also examines the development needs of states and trends like tax buoyancy and major obligations …

At least 93% of Lok Sabha poll winners are crorepatis: ADR analysis
6 months, 2 weeks ago

At least 93% of Lok Sabha poll winners are crorepatis: ADR analysis

The Hindu  

A staggering 93% of the candidates who won the 2024 Lok Sabha elections are crorepatis, up from 88% in 2019, according to an analysis by poll rights body Association of Democratic Reforms. The top three wealthiest candidates are TDP's Chandra Sekhar Pemmasani from Andhra Pradesh's Guntur constituency with assets worth ₹5,705 crore, BJP's Konda Vishweshwar Reddy from Telangana's Chevella with …

TDP candidate with ₹5,705 crore in assets has the most among poll contestants: ADR
7 months ago

TDP candidate with ₹5,705 crore in assets has the most among poll contestants: ADR

The Hindu  

The TDP candidate from Andhra Pradesh's Guntur Lok Sabha seat, Chandra Sekhar Pemmasani, has assets worth ₹5,705 crore, the most among the 8,360 contesting the 2024 general elections, according to poll affidavits analysed by the Association of Democratic Reforms. The BJP's Konda Vishweshwar Reddy, who is contesting the Chevella seat in neighbouring Telangana, declared assets worth ₹4,568 crore, while Pallavi …

Reliance Industries quarterly profit stays flat; annual earnings hit record at ₹69,621 crore
8 months ago

Reliance Industries quarterly profit stays flat; annual earnings hit record at ₹69,621 crore

Hindustan Times  

New Delhi, Reliance Industries Ltd on Monday reported an almost flat March quarter net profit, while its annual earnings hit a record high on the back of a recovery in its core oil and petrochemicals business and sustained momentum across the consumer-facing telecom and retail businesses. Reliance Industries quarterly profit stays flat; annual earnings hit record at ₹ 69,621 crore …

Siricilla again tops in property tax collections among ULBs in 2023-24
8 months, 3 weeks ago

Siricilla again tops in property tax collections among ULBs in 2023-24

The Hindu  

Siricilla has once again topped the list of property tax collection for the financial year of 2023-24 among the 140 Urban Local Bodies in Telangana by achieving 99.52% collection or ₹5.58 crore from the total demand of ₹5.61 crore by March 31 midnight. Municipal Administration and Urban Development officials informed on Tuesday that Yellandu in Bhadradri-Kothagudem district secured the second …

Amit Shah begins campaign in Karnataka by alleging power tussle between CM, Deputy CM
8 months, 3 weeks ago

Amit Shah begins campaign in Karnataka by alleging power tussle between CM, Deputy CM

The Hindu  

Building up tempo for the BJP’s poll battle for Lok Sabha elections in Karnataka, Union Home Minister Amit Shah accused the Chief Minister and Deputy CM of neglecting the interests of the State due to their power tussle, and trying to politicise the issue of drought assistance from the Centre. The Congress government is neither bothered about development of the …

U.P. govt collected ₹2,813 cr more revenue in Feb this year
9 months, 2 weeks ago

U.P. govt collected ₹2,813 cr more revenue in Feb this year

Hindustan Times  

The Uttar Pradesh government on Monday claimed an increase of ₹2,813.88 crore in its revenue collections in February 2024. Minister for finance Suresh Khanna, briefing media persons, said the state government collected a revenue of ₹17,742.67 crore, 77.5 percent of the target of ₹22,888.79 crore in February 2024. government collected a tax revenue of ₹ 1,73,381.51 crore till February 29. …

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 …

BJP leader Basavaraj Bommai criticizes Karnataka state budget, warns of economic downturn
10 months ago

BJP leader Basavaraj Bommai criticizes Karnataka state budget, warns of economic downturn

Hindustan Times  

In a scathing critique of Chief Minister Siddaramaiah's 15th budget presentation, BJP leader and Former Chief Minister Basavaraj Bommai expressed concerns over the fiscal direction of the state, asserting that "Development is not possible from Dasoha without Kayaka". Bommai also raised concerns about the government's borrowing practices, stating that despite borrowing ₹1.5 lakh crore, only ₹1,000 crore was allocated for …

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 …

Seven ideals form bedrock of Tamil Nadu Budget 2024
10 months ago

Seven ideals form bedrock of Tamil Nadu Budget 2024

The Hindu  

A scheme to provide ₹1,000 a month to boys who have studied in government schools from classes 6 to 12 and are pursuing higher education, a scheme named after former Chief Minister M. Karunanidhi to provide housing for the poor with an outlay of ₹3,500 crore and the Chief Minister’s Thayumanavar scheme for poverty alleviation are among the major announcements …

Vijayawada Municipal Corporation tables a deficit budget of ₹90 crore for 2024-25
10 months ago

Vijayawada Municipal Corporation tables a deficit budget of ₹90 crore for 2024-25

The Hindu  

The Vijayawada Municipal Corporation on February 17 presented a deficit Budget of ₹90 crore for the financial year 2024-25, with the total estimated income for the civic body for the year touching ₹1,370 crore and estimated expenses ₹1,460.82 crore. The estimated income for the coming year includes ₹820.9 crore revenue income, ₹501.42 crore capital income and deposits and advances of …

Siddaramaiah presents Budget for 15th time in Karnataka
10 months, 1 week ago

Siddaramaiah presents Budget for 15th time in Karnataka

Deccan Chronicle  

BENGALURU: Chief Minister Siddaramaiah on Friday presented State budget 2024-25 which was his 15th budget presentation in his political career and in the budget presented the Chief Minister holding Finance ministry, stated that the total expenditure for the financial year is estimated to be Rs 3, 71, 383 crore which includes Revenue expenditure of Rs 2, 90, 531 crore, capital …

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