Articles for Budget Estimates

Submission of GHMC budget estimates delayed
1 month, 3 weeks ago

Submission of GHMC budget estimates delayed

New Indian Express  

HYDERABAD: There seems to be a delay in the submission of Budget estimates for the next financial year and the revised Budget estimates for the current year 2024-25 to the Standing Committee of the Greater Hyderabad Municipal Corporation for review and approval. According to Sections 182 to 185 of the Hyderabad Municipal Corporations Act, 1955, the GHMC commissioner is required …

Budget Standing Committee Budget Estimates Ghmc Estimates
Revenue receipts of Telangana government continue to bely expectations after five months of current financial year
3 months, 2 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 …

Tax Budget State End Crore Revenue Receipts Projected
Punjab government misses 2023-24 capex target by 53%
7 months, 2 weeks ago

Punjab government misses 2023-24 capex target by 53%

Hindustan Times  

The Punjab government missed its capital expenditure target by 53% during the financial year 2023-24. Against a capital expenditure of ₹ 10,354 crore proposed in budget estimates, the state government spent only ₹ 4,862 crore during the financial year, leaving a gap of ₹ 5,492 crore, according to the latest data on key economic indicators Against a capital expenditure of …

Budget Capital State Crore Punjab Target Capex
Direct Tax Collections Grow 18 Per Cent To Rs 19.58 Lakh Crore In FY24, Beat Revised Estimates
8 months, 3 weeks ago

Direct Tax Collections Grow 18 Per Cent To Rs 19.58 Lakh Crore In FY24, Beat Revised Estimates

ABP News  

The direct tax collections for the 2023-24 fiscal year increased almost 18 per cent against the funds collected in the previous fiscal year, official data from the Ministry of Finance revealed on Sunday. ➡️Net Direct Tax collections for FY2023-24 exceed the Budget Estimates by ₹ 1.35 lakh crore i.e by 7.40% & Revised Estimates by 0.67% ➡️Gross Direct Tax collections …

Tax Direct Tax Collections Crore Direct Cent Lakh Collection
Tamil Nadu govt announces ‘seed distribution’ in State Agriculture Budget 2024
10 months, 3 weeks ago

Tamil Nadu govt announces ‘seed distribution’ in State Agriculture Budget 2024

Live Mint  

Tamil Nadu Minister MRK Panneerselvam on Tuesday presented a separate ‘Agriculture Budger 2024-25’ in the state assembly. 2) 'One Village, One Crop' scheme presented in Tamil Nadu Agriculture budget 2024. Tamil Nadu's revenue deficit over ₹ 49,000 crore The Tamil Nadu government on Monday presented the 2024-25 budget, estimating the revenue deficit at over ₹49,000 crore and made new announcements …

Tamil Nadu Budget Tamil 2024 Crore Scheme Nadu
Tamil Nadu presents ₹3.48L cr budget; focus on infra, ‘7 Tamil dreams’
10 months, 3 weeks ago

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

Hindustan Times  

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

Finance Growth Tamil Nadu Chennai Budget Tamil Revenue
2024 Interim Budget | Net zero gain for job guarantee scheme
11 months, 1 week ago

2024 Interim Budget | Net zero gain for job guarantee scheme

The Hindu  

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

West Bengal State Crore Centre Scheme Budget Estimates
Interim Budget 2024: Your guide for understanding all key terms
11 months, 4 weeks ago

Interim Budget 2024: Your guide for understanding all key terms

India Today  

Finance Minister Nirmala Sitharaman is scheduled to present the Interim Budget 2024 on February 1, 2024. Sitharaman is expected to address various financial indicators, including inflation, fiscal deficit, capital expenditure, revenue receipts, bad loans, and more, during the budget speech. Fiscal Deficit Fiscal deficit means when a government's total expenditure exceeds total revenue, excluding any external borrowings. It is extremely …

India Expenses Tax Services Budget Income Tax Economic
Chandigarh admn defends budget hike before Parliamentary panel
1 year, 9 months ago

Chandigarh admn defends budget hike before Parliamentary panel

Hindustan Times  

Development on its mind, the UT administration has defended its decision of increasing the Budget allocation for the year 2023-24, before the Parliamentary Standing Committee of Home Affairs. The UT administration replied that the increase in the budget will facilitate improvement of infrastructure in education, police, health, urban development, public transport, development works of municipal corporations and Smart City projects. …

Budget Administration Chandigarh Crore Budget Estimates Estimates
Telangana presents massive budget of ₹2.9 lakh crore for 2023-24 fiscal
1 year, 11 months ago

Telangana presents massive budget of ₹2.9 lakh crore for 2023-24 fiscal

The Hindu  

The Telangana State Government has presented a massive ₹2.90 lakh crore budget for the next financial year 2023-24. The budget has projected revenue receipts to the tune of ₹2.16 lakh crore in the next fiscal, close to ₹40,000 crore higher than the current year’s revised estimates which pegged the revenue receipts at ₹1.75 lakh crore. The revenue receipts for the …

Budget Revenue State Crore Lakh Current Projected
Net Direct Tax Collection Up By 24% To Rs 8.77 Lakh Crore In April To November Period
2 years ago

Net Direct Tax Collection Up By 24% To Rs 8.77 Lakh Crore In April To November Period

ABP News  

New Delhi: The net direct tax collection rose 24 per to Rs 8.77 lakh crore in April-November of the ongoing fiscal, which is about 61.79 per cent of the full-year Budget Estimates of direct tax collection for 2022-23, the Finance Ministry informed on Monday. “Direct tax collection net of refund stands at Rs 8.77 lakh crore as of November 30, …

Tax Crore Direct Cent Lakh Collection Net
Under Opposition fire, Punjab govt asks CAG to tweak fiscal accounts format
2 years, 1 month ago

Under Opposition fire, Punjab govt asks CAG to tweak fiscal accounts format

Hindustan Times  

The Punjab government, which drew flak from the opposition parties over its financial performance in the first half of 2022-23, has asked the Comptroller and Auditor General of India to modify its format for financial accounts of the state, citing the likelihood of its “misinterpretation” in the current format. The Bhagwant Mann-led AAP government in Punjab has asked the CAG …

Office State Punjab Cag Fiscal Format Accounts
Mark Latham accuses NSW Labor MP Anna Watson of getting drunk at parliament bar and trying to drive home
2 years, 4 months ago

Mark Latham accuses NSW Labor MP Anna Watson of getting drunk at parliament bar and trying to drive home

ABC  

A war of words has erupted between two NSW MPs, after one accused the other of getting "paralytically drunk" in the parliament bar, before trying to drive home. Key points: Mark Latham told budget estimates parliamentary staff had to stop Anna Watson from driving drunk Ms Watson denies trying to drive but admits she drank too much Ms Watson was …

Labor Parliament Watson Nsw Latham Budget Estimates Ms Watson
Union Budget 2022-23: All key financial terms explained for you
2 years, 11 months ago

Union Budget 2022-23: All key financial terms explained for you

India Today  

Union Budget 2022-23 is all set to be presented by Finance Minister Nirmala Sitharaman on February 1. During the budget speech, the finance minister is expected to make several announcements and speak about financial indicators like inflation, fiscal deficit, capital expenditure, revenue receipts, bad loans and more. Fiscal Deficit Fiscal deficit means when a government's total expenditure exceeds total revenue, …

Finance India Expenses Financial Tax Budget Income Tax
Fiscal Deficit Touches 83.2% of Budget Estimates at End-June due to Poor Tax Collection amid Lockdown
4 years, 5 months ago

Fiscal Deficit Touches 83.2% of Budget Estimates at End-June due to Poor Tax Collection amid Lockdown

News 18  

The country's fiscal deficit during the first quarter of this fiscal widened to Rs 6.62 lakh crore or 83.2 per cent of the budget estimates, mainly on account of poor tax collections due to the coronavirus lockdown. The government had pegged the fiscal deficit for 2020-21 at Rs 7.96 lakh crore or 3.5 per cent of the GDP in the …

Budget Crore Cent Deficit Budget Estimates Fiscal Deficit Total Revenue
Where is all the government’s coronavirus rescue spending going?
4 years, 8 months ago

Where is all the government’s coronavirus rescue spending going?

The Independent  

The state’s fiscal response to Covid-19 has been a story of big headline numbers. The Office for Budget Responsibility, the Treasury’s official spending watchdog, has produced a “policy monitoring database” to help the public – and perhaps policymakers themselves – keep track. Employment subsidies: £49bn open image in gallery The furlough scheme is supposed to keep a lid on unemployment …

Budget Treasury Spending Cost Cent Scheme Obr
Gross tax to GDP ratio dips to 10.9% in FY’19
5 years, 6 months ago

Gross tax to GDP ratio dips to 10.9% in FY’19

The Hindu  

The gross tax to GDP ratio declined to 10.9% in 2018-19 as indirect tax revenues fell short of budget estimates by about 16 per cent, due to shortfall in Goods and Services Tax mop up, the Economic Survey said. “Accordingly, gross tax revenue as a proportion of GDP declined to 10.9% of GDP in 2018-19, lower by 0.3 percentage points …

Tax Taxes Direct Taxes Survey Gst Gdp Budget Estimates
Narendra Modi govt is mixing up its fiscal arithmetic; consequences may not be pleasant five years from now
5 years, 10 months ago

Narendra Modi govt is mixing up its fiscal arithmetic; consequences may not be pleasant five years from now

Firstpost  

The purpose of government spending is about providing finance for those areas that only the government can provide, and not leave them at the mercy of the market. While government debt has been growing at a compounded annual growth rate of about roughly 4 percent over the 10 years, interest payments have been growing at a CAGR of nearly 12 …

Finance India Payments Budget Debt Interest Crore
Tasmanian MP Adam Brooks deleted emails to reduce 'political damage', as Hodgman plays down scandal
6 years, 1 month ago

Tasmanian MP Adam Brooks deleted emails to reduce 'political damage', as Hodgman plays down scandal

ABC  

Tasmanian Premier Will Hodgman's control over his government and staff has come under even more scrutiny after Liberal colleague Sue Hickey accused one of his staff members of yelling at her for wanting to debate an Integrity Commission report into former mining minister and Liberal MP Adam Brooks. Key points: Liberal MP Adam Brooks was referred to the Integrity Commission …

Labor Opposition Integrity Interest House Commission Premier