India’s April-October fiscal deficit narrows to ₹7.51 trillion, driven by RBI dividend and lower capex
4 months 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 for 2024-25. Non-tax revenue stood at ₹2.66 trillion, or 88.1% of the budget estimates, and total revenue receipts stood at ₹15.91 trillion, or 58.6% of the estimates for the corresponding period of the previous fiscal. Unprecedented dividend payout The Indian government’s tighter fiscal deficit target of 4.9% of GDP, outlined in July’s annual budget, is bolstered by an unprecedented dividend payout from the RBI.

India Budget Indian Dividend Period Rbi Annual Trillion Fiscal Capex Estimates Stood  rbi  indias  lower  fiscal  dividend  stood  trillion  deficit  budget  202425  target  driven  revenue  period  annual  capex  estimates  narrows

History of this topic

India's Economy Likely To Grow At 6.5 Per Cent In FY26, Need To Boost Spending On Health, Education, Says EY
6 hours, 26 minutes ago

India's Economy Likely To Grow At 6.5 Per Cent In FY26, Need To Boost Spending On Health, Education, Says EY

ABP News  

India’s economic growth is anticipated to reach 6.5 per cent in the fiscal year 2025-26, according to the latest EY Economy Watch report. The March edition of EY Economy Watch estimated a real GDP growth of 6.4 per cent for the Indian economy for the 2024-25 fiscal year. Revised data from the National Statistical Office released last month suggested that …

Budget provides ‘marginal relief’ for those taxpayers whose income exceeds ₹12 lakh p.a., says Nirmala Sitharaman
Trending News
5 days ago

Budget provides ‘marginal relief’ for those taxpayers whose income exceeds ₹12 lakh p.a., says Nirmala Sitharaman

The Hindu  

Finance Minister Nirmala Sitharaman on Tuesday said the Finance Bill 2025 provides unprecedented tax relief, and the 13.14% projected growth in personal income tax collection is "realistic" and supported by solid data. Union Budget 2025: Tax bonanza for middle class In the 2025-26 Budget, the government has hiked income tax rebate to ₹12 lakh per annum from ₹7 lakh earlier. …

Israel strikes Gaza, Nagpur violence, Sunita Williams returns from ISS, and more: The week in 5 charts
5 days, 5 hours ago

Israel strikes Gaza, Nagpur violence, Sunita Williams returns from ISS, and more: The week in 5 charts

The Hindu  

Israel breaks ceasefire with attack on Gaza Israel launched a barrage of airstrikes into Gaza on Tuesday, killing hundreds. Sunita Williams returns home after nine months in space NASA’s Sunita Williams, Barry Wilmore, Nick Hague, and Russian cosmonaut Aleksandr Gorbunov, began their journey back to earth aboard a SpaceX capsule on Tuesday, the first two marking the end of an …

Telangana Budget 2025-26: Key takeaways | In charts
Top News
1 week, 3 days ago

Telangana Budget 2025-26: Key takeaways | In charts

The Hindu  

The Telangana State budget with an outlay of ₹3.05 lakh crores was presented by the Deputy Chief Minister Mallu Bhatti Vikramarka in the Assembly today. Receipts and Expenditure Revenue receipts stand at ₹2.3 lakh crores for 2025-26 budget estimates, up from ₹2.02 lakh crores last year. Revenue expenditure for social services increased from ₹81.1 thousand crores in 2024-25 to ₹1.1 …

Capex push, fiscal discipline hasn’t come at the cost of social spending cut: Sitharaman
1 week, 4 days ago

Capex push, fiscal discipline hasn’t come at the cost of social spending cut: Sitharaman

Live Mint  

New Delhi: Finance minister Nirmala Sitharaman on Tuesday said the government’s push for capital expenditure, while maintaining fiscal discipline, has not come at the cost of public spending, emphasizing that allocations for social welfare and education have increased significantly. Speaking at the Rajya Sabha, Sitharaman said the effective capital expenditure for the next fiscal year, 2025-26, is projected to be …

Telangana Budget 2025-26 to be presented in Assembly on Wednesday
1 week, 5 days ago

Telangana Budget 2025-26 to be presented in Assembly on Wednesday

The Hindu  

The stage is all set for the presentation of Telangana’s annual financial statement, budget, for the financial year 2025-26 in the Legislative Assembly on Wednesday. Deputy Chief Minister Mallu Bhatti Vikramarka, who holds the Finance portfolio, will present the budget in the House around noon on Wednsday even as the Finance department officials initiated efforts to fine tune the annual …

TN Budget 2025: Fiscal deficit to be 3 per cent of GSDP, says Finance Minister Thangam Thennarasu
2 weeks, 1 day ago

TN Budget 2025: Fiscal deficit to be 3 per cent of GSDP, says Finance Minister Thangam Thennarasu

New Indian Express  

CHENNAI: Finance Minister Thangam Thennarasu said the fiscal deficit of the state government is estimated to decrease to 3% of the GSDP during 2025-26. This is despite the state falling short of its last year’s target of total revenue receipts, which was revised downwards from Rs 2.99 lakh crore to Rs 2.93 lakh crore in the Revised Estimate 2024-25. The …

Outstanding borrowing will be ₹9,29,959 crore, says Finance Minister
2 weeks, 2 days ago

Outstanding borrowing will be ₹9,29,959 crore, says Finance Minister

The Hindu  

Tamil Nadu Finance Minister Thangam Thennarasu on Friday presented the Medium Term Fiscal Plan, which stated the State government has planned to borrow ₹1,62,096.76 crore during 2025-26 and make repayment of ₹55,844.53 crore. Mr. Thennarasu said Tamil Nadu remains a key growth engine, driven by a robust manufacturing base, rapid expansion in the services sector, and sustained public and private …

TN Budget 2025: State debt to rise to ₹9.29 lakh crore by March 2026
2 weeks, 2 days ago

TN Budget 2025: State debt to rise to ₹9.29 lakh crore by March 2026

New Indian Express  

CHENNAI: The debt burden of the Tamil Nadu government will burgeon to ₹9,29,959.30 crore by March 31, 2026, according to the budget documents for the year 2025-26. In view of the revenue augmentation measures, including improvement in tax administration and collection efficiency, the revenue deficit is expected to reduce to ₹31,282.23 crore in 2026-27 and subsequently reduce further to ₹18,026.48 …

A State under severe financial stress
2 weeks, 3 days ago

A State under severe financial stress

The Hindu  

The Andhra Pradesh government presented a Budget of more than ₹3.22 lakh crore for FY2025-26. Public debt, the total amount of money that a government borrows to fund its spending, is estimated to increase to ₹1.02 lakh crore in FY2025-26. According to experts, the surge in public debt is largely due to “freebies, fewer tax revenues, and meagre capital expenditure.” …

India’s GDP growth to surpass 6.5 per cent in FY26, one of the fastest rates among large economies: Moody’s
2 weeks, 4 days ago

India’s GDP growth to surpass 6.5 per cent in FY26, one of the fastest rates among large economies: Moody’s

Live Mint  

Higher government capex and a boost in consumption will fuel India's economic growth in FY26, exceeding 6.5 per cent in the next fiscal, Moody's ratings said on Wednesday. “Government capital expenditure, tax cuts for middle-class income groups to boost consumption and monetary easing will help India's real GDP growth exceed 6.5% for fiscal 2025-26 from 6.3% in fiscal 2024-25,” Moody's …

Mahayuti avoids populist schemes in the first budget after returning to power
2 weeks, 5 days ago

Mahayuti avoids populist schemes in the first budget after returning to power

Hindustan Times  

Mumbai: Four months after winning the Maharashtra assembly elections on the back of a slew of populist schemes, the Mahayuti government’s first budget after retaining power reflected an estimated debt of ₹9,32,242 crore for the financial year 2025-26, which is the highest in the state’s history. Populist schemes worth ₹96,000 crore announced in last year’s budget in June, weeks after …

Govt seeks House nod for extra spending of ₹51,400 crore in FY25, mainly for subsidies
2 weeks, 6 days ago

Govt seeks House nod for extra spending of ₹51,400 crore in FY25, mainly for subsidies

Live Mint  

New Delhi: Finance minister Nirmala Sitharaman on Monday sought Parliament’s approval for a net additional spending of ₹51,463 crore in FY25 to meet funding requirements of mainly fertilizer, food and cooking gas subsidy and defence pension. The government also sought House approval for an extra ₹6.27 trillion spending, mainly for repayment of debt, which does not involve additional cash outgo …

Karnataka budget 2025 presented by CM Siddaramaiah: Outlay crosses ₹4 lakh crore for the first time
Top News
3 weeks, 2 days ago

Karnataka budget 2025 presented by CM Siddaramaiah: Outlay crosses ₹4 lakh crore for the first time

The Hindu  

Karnataka’s budget outlay has for the first time crossed ₹4 lakh crore. In his 16th budget Chief Minister Siddaramaiah presented on Friday for the fiscal year 2025-26, the total budget outlay has been estimated to be ₹4,09,549 crore. Follow for live updates on Karnataka Budget 2025-26 The budget outlay includes revenue expenditure of ₹3,11,739 crore, capital expenditure of ₹71,336 crore …

Sanjeev Ahluwalia | Shoring up India’s flagging growth: Key govt challenge
3 weeks, 2 days ago

Sanjeev Ahluwalia | Shoring up India’s flagging growth: Key govt challenge

Deccan Chronicle  

The main challenge before the Narendra Modi government is how to balance the onerous investment and institutional demands of high growth, without risking a political blowback. GDP growth higher than comparators: GDP growth in real terms during the third quarter of this fiscal, at 6.2 per cent, is higher than the average of the first two quarters. The IMF estimates …

GDP revision gives govt extra fiscal headroom for FY25 accounts; second supplementary demands next week
3 weeks, 3 days ago

GDP revision gives govt extra fiscal headroom for FY25 accounts; second supplementary demands next week

Live Mint  

New Delhi: The union government, which is preparing to seek Parliament’s approval for additional funding for the current financial year, now has extra fiscal headroom on account of the improvement in the economic growth rate to 9.9% in nominal terms, as forecast last Friday by the statistics ministry. The slight upward revision in the economic growth rate projection – from …

Andhra Pradesh witnesses growth rate of 9.24%
3 weeks, 5 days ago

Andhra Pradesh witnesses growth rate of 9.24%

The Hindu  

Andhra Pradesh witnessed a growth rate of 9.24% at constant prices in 2024-25 compared to 6.18% in 2023-24. ‘“The Per Capita Income for 2024-25 is estimated at ₹2,68,653 higher than the national average of ₹2,00,162 indicating improved living standards for the State’s residents,” the government said in the document. Swarna Andhra Vision 2047 aims to establish Andhra Pradesh as a …

Bihar govt. tables Budget of ₹3.17 lakh crore for the year 2025-26
3 weeks, 6 days ago

Bihar govt. tables Budget of ₹3.17 lakh crore for the year 2025-26

The Hindu  

Ahead of the State elections in October-November this year, the Bihar government on Monday tabled estimated Budget of ₹3,16,895.02 crore in the Assembly for the financial year 2025-26. The Deputy Chief Minister Samrat Choudhary who also holds finance department said that the State government would spend ₹60,954 crores on education, ₹20,335 crores on health, ₹16,193 crores on rural development and …

Andhra govt presents annual budget with outlay of ₹3.22L-cr
Trending News
4 weeks, 1 day ago

Andhra govt presents annual budget with outlay of ₹3.22L-cr

Hindustan Times  

Andhra Pradesh finance minister Payyavula Keshav on Friday presented the state’s annual budget for the financial year 2025-26 in the state legislative assembly with an outlay of ₹3.22 lakh crore. They are Thalliki Vandanam, a revised “Amma Vodi scheme” of the previous YS Jagan Mohan Reddy government providing financial assistance to women for sending their children to schools; and Annadata …

Andhra Pradesh Budget: Welfare assured, growth guaranteed
4 weeks, 1 day ago

Andhra Pradesh Budget: Welfare assured, growth guaranteed

New Indian Express  

VIJAYAWADA: Finance Minister Payyavula Keshav on Friday presented the Andhra Pradesh Budget for 2025-26 in the Legislative Assembly with an outlay of Rs 3,22,359 crore. The revenue expenditure has been estimated at Rs 2,51,162 crore, while the capital expenditure has been shown at Rs 40,635 crore. The revised estimates of revenue expenditure for the financial year 2024-25 are Rs 2,24,342 …

India’s fiscal deficit hits ₹11.7 trillion in April-January period, 74.5% of FY25 target
Trending News
1 month ago

India’s fiscal deficit hits ₹11.7 trillion in April-January period, 74.5% of FY25 target

Live Mint  

India's fiscal deficit for the April-January period of financial year 2024-25 stood at ₹11.70 trillion, 74.5% of the estimate for 2024-25, according to the data released by the Controller General of Accounts on Friday. Receipts and expenditure During the April-January period, net tax receipts stood at ₹19.04 trillion, or 74.4% of the target set in the annual budget, against ₹18.80 …

India’s Core Sector Grows 4.6% in Jan; Fiscal Deficit at 74.5%
Trending News
1 month ago

India’s Core Sector Grows 4.6% in Jan; Fiscal Deficit at 74.5%

Deccan Chronicle  

New Delhi: The output of eight key infrastructure sectors rose by 4.6 per cent in January against a 4.2 per cent expansion in the same month of last year, but it was slower compared to 4.8 percent a month ago, while the Centre's fiscal deficit touched 74.5 per cent of the annual target at the end of January 2025, two …

India’s April-Jan fiscal deficit hits ₹11.7 lakh crore, widens to 74.5% of revised FY25 target
Top News
1 month ago

India’s April-Jan fiscal deficit hits ₹11.7 lakh crore, widens to 74.5% of revised FY25 target

Live Mint  

The Centre's fiscal deficit touched 74.5 per cent of the annual target at the end of January 2025, according to the data released by Controller General of Accounts on Friday. The CGA data showed that the central government's tax revenue was ₹19.03 lakh crore, or 74.4 per cent of the RE of 2024-25. The total expenditure was at ₹35.7 lakh …

Bihar’s economy increases to ₹8.54 lakh crore in 2023-24: Dy. CM Samrat Choudhary
1 month ago

Bihar’s economy increases to ₹8.54 lakh crore in 2023-24: Dy. CM Samrat Choudhary

The Hindu  

Bihar Deputy Chief Minister Samrat Choudhary who also holds the Finance portfolio on Friday presented the 2024-25 State Economic Survey Report in the Assembly on the opening day of the month-long Budget session and said size of the State’s economy at current prices has increased 3.5 times from ₹2.47 lakh crore in 2011-12 to ₹8.54 lakh crore in 2023-24. The …

A.P. govt presents ₹3.2 lakh crore Budget for 2025-26
1 month ago

A.P. govt presents ₹3.2 lakh crore Budget for 2025-26

The Hindu  

The Andhra Pradesh state government, on Friday, presented the annual budget for the financial year 2025-26 with a total outlay of ₹3,22,359 crore. Presenting the budget in Andhra Pradesh Assembly on Friday, Andhra Pradesh Finance Minister Payyavula Keshav said that the estimated revenue deficit is around Rs. The revenue deficit is 3.01% and fiscal deficit is 4.57 per cent of …

BJP spent ₹1,755 crore on poll campaigns, general propaganda in 2023-24: report
1 month ago

BJP spent ₹1,755 crore on poll campaigns, general propaganda in 2023-24: report

The Hindu  

The Bharatiya Janata Party spent ₹1,754 crore on election or general propaganda in 2023-24, the lion’s share of its expenditure that year, according to a report by the non-governmental organisation Association for Democratic Reforms. The Congress spent ₹619.67 crore on election-related expenses, said the report, which analysed the total income and expenditure of all six national parties as declared by …

UP Budget goes bigger, but fund utilisation remains a challenge
1 month, 1 week ago

UP Budget goes bigger, but fund utilisation remains a challenge

Hindustan Times  

LUCKNOW Uttar Pradesh government may have increased the allocations for various sectors with the size of the annual budget also going up year after year, but it faces the greater challenge of spending the funds. In 2023-2024, the state government estimated a revenue expenditure of ₹ 5.21 lakh crore, and could use only ₹ 4.29 lakh crore. The government later …

Indian economy likely grew by 6.2-6.3% in December quarter of FY25 on capex, demand revival: SBI
1 month, 1 week ago

Indian economy likely grew by 6.2-6.3% in December quarter of FY25 on capex, demand revival: SBI

Live Mint  

India Q3 GDP Growth: The State Bank of India estimates that India's gross domestic product grew 6.2-6.3 per cent in the December quarter of 2024-25. India Q3 GDP Growth Estimates SBI Research's October-December GDP estimates highlighted its in-house developed 'Nowcasting Model', which leverages 36 high-frequency indicators. India's GDP grew by 8.2 per cent during the financial year 2023-24 and continued …

India’s economic growth pegged at 6.3% in December quarter of FY25 on govt spending: ICRA
1 month, 1 week ago

India’s economic growth pegged at 6.3% in December quarter of FY25 on govt spending: ICRA

Live Mint  

India Q3 GDP Growth: Domestic rating agency ICRA projected India's gross domestic product to grow 6.4 per cent in the December quarter of FY25, driven by enhanced government spending amid uneven consumption. India Q3 GDP Growth Estimates ICRA Chief Economist Aditi Nayar said India's economic performance in Q3 FY2025 benefitted from a sharp ramp-up in aggregate government spending on capital …

India to remain fastest growing economy as strong fundamentals push speedy rebound: FM
1 month, 2 weeks ago

India to remain fastest growing economy as strong fundamentals push speedy rebound: FM

Live Mint  

New Delhi: India is on course to making a speedy rebound and to retaining the tag of the fastest growing economy on account of its strong fundamentals and measures taken by the government, finance minister Nirmala Sitharaman told Parliament on Tuesday. I want to inform members, on account of strong economic foundation, a speedy rebound is happening and we shall …

‘Making budget more difficult than before; govt to use 99% borrowings in FY26 for capex’: FM Sitharaman
1 month, 2 weeks ago

‘Making budget more difficult than before; govt to use 99% borrowings in FY26 for capex’: FM Sitharaman

Live Mint  

Union finance minister Nirmala Sitharaman said on Tuesday, February 12, 2025, that the government will use almost all its borrowing in 2025-26 to finance capital expenditure. FM Sitharaman highlighted the effective capex in FY26 is ₹15.48 lakh crore, which is 4.3 per cent of the gross domestic product. So, in effect, the government intends to use about 99 per cent …

Fiscal and monetary measures to boost consumption, private investment says FM
1 month, 3 weeks ago

Fiscal and monetary measures to boost consumption, private investment says FM

The Hindu  

Finance Minister Nirmala Sitharaman on Saturday said, “Fiscal and monetary measures announced recently will help boost consumption and promote private investment.” The Budget presented by the Finance Minister on February 1 proposed a slew of measures including significant income tax cuts for the middle class. On the monetary side, the Reserve Bank of India on Friday slashed the policy rate …

Experts question Kerala budget’s revenue projections amid fiscal concerns
1 month, 3 weeks ago

Experts question Kerala budget’s revenue projections amid fiscal concerns

New Indian Express  

KOCHI: Does Finance Minister K N Balagopal’s budget calculations add up, or is he offering empty promises that are reliant on the economy’s robustness and tax-collection efforts? The budget document outlines an impressive increase in revenue receipts, aiming for Rs 1,52,351.67 crore in 2025-26, up from revised estimates of Rs 1,32,929.80 crore for 2024-25. The minister’s optimism hinges on substantial …

RBI MPC meeting 2025: RBI projects 6.7% growth for FY’26 on better Rabi harvest, tax relief by govt
1 month, 3 weeks ago

RBI MPC meeting 2025: RBI projects 6.7% growth for FY’26 on better Rabi harvest, tax relief by govt

The Hindu  

Reserve Bank on Friday projected the growth rate for the upcoming financial year at 6.7%, up from 6.4% estimated for the current fiscal ending March. Healthy Rabi prospects and an expected recovery in industrial activity should support economic growth in 2025-26, RBI Governor Sanjay Malhotra said while announcing his first bi-monthly monetary policy for the current fiscal. Finance Minister Nirmala …

A Budget that is mostly good but with one wrong move
1 month, 3 weeks ago

A Budget that is mostly good but with one wrong move

The Hindu  

The Union Budget has got many things right. Gross tax revenues Growth in the Government of India’s gross tax revenues have trended downwards in recent years. Level of government expenditure Tax and non-tax revenues, non-debt capital receipts and fiscal deficit together determine the size of government expenditure. In fact, this was so even in 2024-25, when the government’s total expenditure …

Fiscal consolidation to slow as budget relies on tax measures to support economy: Moodys
Trending News
1 month, 3 weeks ago

Fiscal consolidation to slow as budget relies on tax measures to support economy: Moodys

Deccan Chronicle  

Mumbai: Moody’s Ratings on Tuesday said that the income tax cuts announced in the Union Budget 2025 will boost middle-class spending and benefit corporates and the financial sector but warned that the lost revenue could slow fiscal consolidation despite a decline in spending as a share of GDP. Although the government has estimated consequent foregone revenue at around Rs 1 …

Amid challenges, U.P. govt gets ready to present 2025-2026 budget
1 month, 3 weeks ago

Amid challenges, U.P. govt gets ready to present 2025-2026 budget

Hindustan Times  

Amid challenges of mobilising additional funds and making use of them, the U.P. We now have an idea about the funds earmarked for the state – U.P.’s share in the central taxes, central assistance and the likely allocations under centrally “Around 10 to 15 percent increase is expected in the size of the state government’s budget as many big development …

India’s CAD to widen to 1.3% of GDP in FY26 on export headwinds from Trump’s trade policies: Crisil
1 month, 3 weeks ago

India’s CAD to widen to 1.3% of GDP in FY26 on export headwinds from Trump’s trade policies: Crisil

Live Mint  

India's economy is expected to grow at 6.5 per cent in the next financial year 2025-26, slightly higher than the 6.4 per cent growth estimated for the ongoing fiscal year. “Lower inflation and the RBI's rate cuts are expected to lift growth next fiscal, assuming a normal monsoon and lower crude oil prices,” said Crisil. If India's inflation moves closer …

A tightrope act: The budget does a good job of balancing divergent demands
1 month, 3 weeks ago

A tightrope act: The budget does a good job of balancing divergent demands

Live Mint  

India’s budget for 2025-26 demonstrates a careful balance between an unwavering focus on macroeconomic stability by continuing on a path of fiscal prudence and addressing growth concerns. Notably, fiscal consolidation remains the budget’s primary focus, with its fiscal-deficit target set at 4.4% of GDP, a further reduction of 0.4 percentage points. This cut, which accounts for almost the entire fiscal …

Fitch rules out rating upgrade, but says fiscal targets realistic
1 month, 3 weeks ago

Fitch rules out rating upgrade, but says fiscal targets realistic

New Indian Express  

Mumbai: International rating agency Fitch has said the fiscal numbers – 4.8% fiscal deficit for this fiscal and 4.4% for the next-- proposed in the Budget 2025 looks realistic and achievable. On the rating impact of the Budget, he said; “Sustained deficit reduction, meeting of fiscal targets and continued adherence to transparency further bolsters India’s improving fiscal credibility, as we …

Budget 2025 overlooks joblessness
Trending News
1 month, 3 weeks ago

Budget 2025 overlooks joblessness

The Hindu  

The previous Budget, presented in July 2024 after the Lok Sabha election, had accorded priority to employment and skill development, given the nature of the election mandate. Among centrally The Finance Minister has sought to counterbalance the deflationary impact of these expenditure cuts by enhancing the annual rebate for income tax payers from ₹7 lakh to ₹12 lakh from 2025-26. …

This budget is remarkable for its fiscal restraint—apart from other aspects
Trending News
1 month, 4 weeks ago

This budget is remarkable for its fiscal restraint—apart from other aspects

Live Mint  

The Union budget for 2025-26 is being hailed as a “thanksgiving’’ for the middle-class, while its personal income tax relief is being called “historic’’ and has hogged most of the limelight. Importantly, in absolute terms, the fiscal deficit is likely to remain flat at ₹15.7 trillion in 2025-26, as compared to 2024-25, and lower than its level of ₹16.5 trillion …

Budget 2025 is a pragmatic balance of consumption and fiscal discipline: Radhika Gupta
Trending News
1 month, 4 weeks ago

Budget 2025 is a pragmatic balance of consumption and fiscal discipline: Radhika Gupta

Live Mint  

Budget 2025 has moved in a path that at once caters to the immediate requirements of the economy, while continuing on the path to investing for future growth, even while ensuring a tight leash on the fiscal deficit. Tax slab rationalisation to boost consumption, ease of taxation via higher thresholds for tax deductions, tax clarity on ULIP investments, and tax-free …

Will they spend? A ₹1L cr question
1 month, 4 weeks ago

Will they spend? A ₹1L cr question

Times of India  

FM gives taxpayers relief at last, but brisk growth is unlikely without long-overdue structural reforms Budget becomes a talking point when people see what’s in it for them. Context | FMs don’t fix what’s not broken, so if Sitharaman is willing to give up ₹1L cr in income tax next fiscal – 10% of the target in FY25 – she …

Karnataka’s tax devolution this fiscal stands at ₹ 51,876 crore
Trending News
1 month, 4 weeks ago

Karnataka’s tax devolution this fiscal stands at ₹ 51,876 crore

The Hindu  

The 2025-26 Union Budget, presented by Finance Minister Nirmala Sitharaman on Saturday, devolves ₹51,876 crore to Karnataka as its share in taxes and duties, which stood at ₹46,932.72 in the previous fiscal. While this shows a marginal increase, Chief Minister Siddaramaiah has expressed unhappiness over several of the specific demands of the State, which were put forth, not being met, …

India’s budget does well to drive growth despite a fiscal pullback
1 month, 4 weeks ago

India’s budget does well to drive growth despite a fiscal pullback

Live Mint  

The Union budget was presented on Saturday in the backdrop of sluggish real growth and stubborn albeit declining headline inflation with the latest print above 5%. For the upcoming budget year, nominal gross domestic product has been projected to grow at 10.1% over the half year-based First Advance Estimate for the current year, yielding a budgeted GDP denominator of ₹356.97 …

Budget 2025 | No tax for incomes up to ₹12 lakh
Top News
1 month, 4 weeks ago

Budget 2025 | No tax for incomes up to ₹12 lakh

The Hindu  

With an objective to boost household consumption and aggregate demand, Finance Minister Nirmala Sitharaman announced on Saturday that incomes up to ₹12 lakh would draw no income tax. To boost consumption, savings and investment Explaining the rationale for the revision in taxation limit, the Minister said the new structure would substantially reduce taxes for the middle class and provide more …

Govt Targets Lower Fiscal Deficit At 4.4 Per Cent In FY26, Revises Estimate For FY25 In Budget
Trending News
1 month, 4 weeks ago

Govt Targets Lower Fiscal Deficit At 4.4 Per Cent In FY26, Revises Estimate For FY25 In Budget

ABP News  

Finance Minister Nirmala Sitharaman presented the Union Budget 2025 in the Parliament on Saturday. “The Revised Estimate of the total receipts other than borrowings is Rs 31.47 lakh crore, of which the net tax receipts are Rs 25.57 lakh crore. The Revised Estimate of the total expenditure is Rs 47.16 lakh crore, of which the capital expenditure is about Rs …

Budget sticks to glide path with 4.4 pc fiscal deficit
1 month, 4 weeks ago

Budget sticks to glide path with 4.4 pc fiscal deficit

Deccan Chronicle  

Chennai: The government has managed to remain committed to its glide path towards fiscal consolidation by projecting 4.4 per cent fiscal deficit for FY26. Gross tax revenue is estimated at Rs 42.70 lakh crore, 10.8 per cent higher than RE FY25. Of this, direct taxes are Rs 25.20 lakh crore and indirect taxes Rs 17.40 lakh crore The Budget has …

Budget 2025: Centre seeks over ₹78,000 crore on securities trading levies next fiscal
1 month, 4 weeks ago

Budget 2025: Centre seeks over ₹78,000 crore on securities trading levies next fiscal

Hindustan Times  

The Centre is expecting to collect more taxes from levies imposed on securities trading, after Union finance minister Nirmala Sitharaman's Budget 2025 estimated over 40% jump in such collection to cross $9 billion next year, Bloomberg reported. Centre cuts borrowing target to ₹ 11.54 lakh crore During her budget speech, finance minister Sitharaman announced that the government has reduced its …

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