Articles for Tax Revenues

Exploring options to raise additional resources to meet targets set in Budget: Bhatti
4 months, 4 weeks ago

Exploring options to raise additional resources to meet targets set in Budget: Bhatti

The Hindu  

The State Government is exploring options to raise additional resources to meet the targets set in the Budget presented in the Assembly on Thursday. “We are confident that we can match the figures projected in the Budget,” Deputy Chief Minister Mallu Bhatti Vikramarka said, after presenting the ₹2.91 lakh crore annual financial statement in the Assembly. “Unlike the BRS government, …

Budget Crore Tax Revenues
What is the role of the Finance Commission? | Explained
5 months ago

What is the role of the Finance Commission? | Explained

The Hindu  

The story so far: The sixteenth Finance Commission headed by former Niti Aayog Vice-Chairman Arvind Panagariya has begun its work by inviting suggestions from the public on the mandate set for it by the Centre. The Finance Commission is a constitutional body that recommends how tax revenues collected by the Central government should be distributed among the Centre and various …

Finance Tax States Commission Centre Funds Finance Commission
How can state capacity be measured?
5 months, 2 weeks ago

How can state capacity be measured?

The Hindu  

State capacity refers to the ability of any state to successfully deliver what are generally considered to be public goods and services to its citizens. State capacity is considered by many public policy experts to be the major factor that explains why some countries are rich or developed while other countries remain underdeveloped. Power in numbers Public policy experts may …

Tax State Number Capacity Deliver Ability Public Goods
Red state coal towns still power the West Coast. We can’t just let them die
8 months, 1 week ago

Red state coal towns still power the West Coast. We can’t just let them die

LA Times  

In the early morning light, it’s easy to mistake the towering gray mounds for an odd-looking mountain range — pale and dull and devoid of life, some pine trees and shrublands in the foreground with lazy blue skies extending up beyond the peaks. “We raised our kids here.” The power plant’s smokestacks are visible from miles away in the town …

Energy Climate Change Global Warming Wind Power Coal West
Congress Manifesto 2024: Caste Census, 50% Quota For Women In Govt Jobs — Silent On OPS And EVMs
8 months, 2 weeks ago

Congress Manifesto 2024: Caste Census, 50% Quota For Women In Govt Jobs — Silent On OPS And EVMs

ABP News  

Congress Manifesto Highlights: The Congress party ditched two of its strong issues in its manifesto that it announced on Friday. As the grand old party unveiled its manifesto today, here are a few key takeaways from the manifesto: Caste Census, Pension, Youth Stipend: Congress's Big Poll Promises The Congress party in its manifesto said that it conduct a nationwide Socio-Economic …

Law Tax Party Upa Caste Census Old Promised
‘BJP is actual anti-Hindu party’: Karnataka Congress hits back at the opposition on Endowments Bill
10 months ago

‘BJP is actual anti-Hindu party’: Karnataka Congress hits back at the opposition on Endowments Bill

Hindustan Times  

Karnataka Congress slammed the Bharatiya Janata Party for opposing ‘The Karnataka Hindu Religious Institutions and Charitable Endowments Bill 2024’ which was passed in the state assembly on Thursday, and called the BJP an actual ‘anti-Hindu’ party. ‘BJP is actual anti-Hindu party’: Karnataka Congress hits back at the opposition Speaking to reporters, Karnataka Muzrai minister Ramalinga Reddy said, “When they made …

Karnataka Tax Congress Temples Hindu Bjp Karnataka Congress
Tennessee governor pitches school voucher expansion as state revenues stagnate
10 months, 2 weeks ago

Tennessee governor pitches school voucher expansion as state revenues stagnate

Associated Press  

NASHVILLE, Tenn. — Nearly five years after narrowly convincing lawmakers to allow a select number of families to use tax dollars for private schooling, Tennessee Gov. Lee maintains that the state still has enough money to spread around more school vouchers to families, properly fund public schools, distribute pay raises to state employees and even set aside more money for …

Tax Families Schools State Gop Public Tennessee
The big tax growth the finance minister spoke of isn’t reflecting in the interim budget’s estimates
10 months, 3 weeks ago

The big tax growth the finance minister spoke of isn’t reflecting in the interim budget’s estimates

Live Mint  

In her interim budget for FY25, finance minister Nirmala Sitharaman took credit for the surge seen in direct tax collections over the previous 10 years. Direct tax collections net of refunds touched ₹14.7 lakh crore by 10 January this year, growing 19.4% over the same period of FY23. After that, direct tax collections shot up 40.1% in FY21, benefiting from …

Budget Direct Tax Collections Direct Higher Tax Interim Gtr Collections
Intent vs Delivery: What this govt promised, what it delivered
10 months, 3 weeks ago

Intent vs Delivery: What this govt promised, what it delivered

Live Mint  

GDP growth Intent: The budget document is vital to understand GDP growth expected for the next year. ₹3.9 trillion: The amount by which the fiscal deficit exceeded the Centre’s tax revenues in 2020-21, the year when covid-19 hit. Capital expenditure Intent: A stated intention of this government, especially post-covid, has been to do ‘good spending’—investments that have a trickle-down effect …

India Welfare Schemes Tax Delivery Covid Scheme Pli
Tax revenues of FY24 to be 17.2 pc more than last year
11 months, 3 weeks ago

Tax revenues of FY24 to be 17.2 pc more than last year

Deccan Chronicle  

Chennai: Tax revenues of FY24 is expected to be 5 per cent higher than the budget estimate and 17.2 per cent higher than last year’s revenues. India Ratings expects it to reach Rs 24.5 trillion in FY24, five per cent higher than the budgeted Rs 23.3 trillion. However, capital receipts are lagging and were Rs 229.9 billion during April-October 2023 …

Billion Trillion Fy24 Tax Revenues Cent Higher Budgeted
Year on, no word from Punjab government on 6th finance panel recommendations
1 year, 8 months ago

Year on, no word from Punjab government on 6th finance panel recommendations

Hindustan Times  

A year after the 6th State Finance Commission submitted its report, the Punjab government has kept the commission’s recommendations on fiscal consolidation and devolution of funds to municipal bodies and the action taken thereon under wraps. The 6th State Finance Commission had recomended a slew of substantive recommendations on the state finances and the devolution of tax revenues and their …

Recommendations Report Commission Punjab Bodies Sfc Panchayati
6th Punjab Finance Commission: Mann government accepts key recommendations, ATR in next assembly session
2 years ago

6th Punjab Finance Commission: Mann government accepts key recommendations, ATR in next assembly session

Hindustan Times  

The Bhagwant Mann-led Aam Aadmi Party government has accepted the key recommendations of the Sixth Punjab Finance Commission regarding the devolution of tax revenues and their apportionment between the panchayati raj institutions and municipal bodies in the state. Bhagwant Mann-led Aam Aadmi Party government has accepted the key recommendations of the Sixth Punjab Finance Commission regarding the devolution of tax …

Finance Tax Local Recommendations Report Commission Punjab
Missouri posts record surplus for second straight year
2 years, 5 months ago

Missouri posts record surplus for second straight year

Associated Press  

— Missouri has more money on hand than ever before, thanks partly to a combination of inflation, higher wages and federal funds. The state closed out its 2022 fiscal year with a general revenue balance of nearly $4.9 billion — more than double the previous record set just one year ago, according to data provided Thursday to The Associated Press …

State Tax Revenues Missouri Rose
Goods and Services Tax: Faulty by design
2 years, 5 months ago

Goods and Services Tax: Faulty by design

The Hindu  

Published : Jul 10, 2022 18:00 IST Five years ago, India began its tryst with a brand new tax, one that promised deliverance to all Indians. The GST design revolves around the concept of a single unified tax replacing two sets of taxes in force until then: one was sacrificed by the Centre and the other by the States. Studies …

India Design Tax Taxes States Gift Indian
Windfall Tax On Crude Oil: What Is It; How Will It Impact Companies, Govt Revenues?
2 years, 5 months ago

Windfall Tax On Crude Oil: What Is It; How Will It Impact Companies, Govt Revenues?

News 18  

Domestic producers will now pay a cess of Rs 23,250 per tonne on crude oil as a windfall tax. As the companies will now have to pay a cess of Rs 23,250 per tonne on domestic crude oil, their margins will get impacted. The tax on crude oil producers like Oil and Natural Gas Corporation, Oil India Ltd and Vedanta …

Tax Oil Impact Companies Prices Windfall Tax Oil India
Mohan Guruswamy | From a unitary state to a Union of States
2 years, 6 months ago

Mohan Guruswamy | From a unitary state to a Union of States

Deccan Chronicle  

India’s Union of States has now reached a critical impasse. Its diversity bound together by the Constitution that was meant to make us a modern, democratic and secular state based on equality and the equal availability of justice, education, healthcare and social services, and division of government based on functions is now under a grave challenge. The states must be …

Education India States Resources Regions State Central
Union Budget 2022: Underestimating tax revenues for the second year in a row by finance minister is puzzling
2 years, 10 months ago

Union Budget 2022: Underestimating tax revenues for the second year in a row by finance minister is puzzling

Firstpost  

In the last year’s budget, Centre’s net tax revenue growth in FY22 was estimated to grow by 8.5 per cent. In the last year’s budget, the Centre’s net tax revenue growth in the current year — FY22 — was estimated to grow by 8.5 per cent to Rs 15.45 trillion. If the FY22 net tax revenue is higher by Rs …

Market Revenue Trillion Row Net Grow Finance Minister
California Politics: Does the state’s spending limit need a makeover?
2 years, 11 months ago

California Politics: Does the state’s spending limit need a makeover?

LA Times  

Paul Gann, left, and Howard Jarvis celebrate the passage of the initiative they co- Just four months after he helped launch a tax revolt that changed the course of American history, Paul Gann decided it wasn’t enough. The Gann limit fades, then roars back In 1990, Deukmejian and legislators convinced voters to loosen the Gann limit while boosting the state’s …

Tax Budget California Spending State Voters Newsom
Parsa Venkateshwar Rao Jr | Govt can’t leave it to pvt sector to spend on infra
3 years, 3 months ago

Parsa Venkateshwar Rao Jr | Govt can’t leave it to pvt sector to spend on infra

Deccan Chronicle  

The National Asset Monetisation, also known as the National Monetisation Pipeline, has been launched with the release of the two-volume mini-tome of the Niti Aayog — “National Monetisation Pipeline Volume 1: Monetisation Guidebook” and “National Monetisation Pipeline Volume 2: Asset Pipeline” — by finance minister Nirmala Sitharaman on August 23. Attributing, as usual, the entire initiative to the vision of …

India Infrastructure Money National Indian Minister Sector
Towards Privatisation: This is a 'Maruti Moment' for the Modi Administration, Writes RC Bhargava
3 years, 10 months ago

Towards Privatisation: This is a 'Maruti Moment' for the Modi Administration, Writes RC Bhargava

News 18  

The privatisation proposals in the budget of Finance Minister Nirmala Sitharaman, followed by Prime Minister Narendra Modi’s speech in Parliament regarding the future role of the private sector in the economic development of the country, are truly game changing events for our economy. Most undertakings failed to generate adequate internal resources and so could not modernise facilities, expand production capacity …

India Manufacturing Modi Psu Maruti This Period Tax Revenues
GST shortfall is a taxing issue for the government
4 years, 3 months ago

GST shortfall is a taxing issue for the government

Live Mint  

Over the last few weeks, there has been a heated discussion between the central and state governments on goods and services tax compensation. The Centre had assured states of compensation for any shortfall in tax collections till 2022. This issue was resolved by the central government guaranteeing that the states would be compensated in the event of any tax revenue …

Compensation Tax States Revenue Centre Gst Tax Collections