June 27, 2022 9:07 am
Praveen Chakravarty writes: GST centralised India’s indirect taxation. It is time to start a national discussion on reversing the course by giving states powers for direct taxation
May 31, 2022 4:45 pm
The revenue deficit at the end of 2021-22 was 4.37 per cent.
March 14, 2022 7:00 am
Finance Ministry expects oil prices to cool off in the next 2-3 months as the impact of the geopolitical tensions may get eased by higher production from the United States and the OPEC member countries.
January 24, 2022 9:43 am
🔴 Tax collections are buoyant, but meeting fiscal deficit target set in Union budget will be difficult
August 10, 2021 7:10 am
Releasing a white paper that also flagged the state’s massive debt, Finance Minister Palanivel Thiaga Rajan blamed the previous AIADMK government for the shaky finances and said: “Revenue generation has come down. A government without revenue cannot address problems.”
August 05, 2021 5:34 pm
Banerjee said that boosting the state’s economy is directly related to the revival of the country's economy as it is under stress due to the ongoing pandemic situation.
June 21, 2021 11:12 pm
The Centre, in an affidavit in the Supreme Court, has said paying ex-gratia compensation is beyond the fiscal affordability and the finances of the central and the state governments as they are under severe strain.
May 31, 2021 4:59 pm
For this financial year, the government had initially pegged the fiscal deficit at Rs 7.96 lakh crore or 3.5 per cent of the GDP in the budget presented in February 2020.
April 30, 2021 9:37 am
Given that a timely deficit may not have adverse macroeconomic consequences, surviving this pandemic first by enhancing the required spending is crucial
May 12, 2020 2:02 am
The Centre last Friday said its total market borrowing requirements will rise by a whopping 53 per cent to Rs 12 lakh crore in the current fiscal, as falling revenues and rising expenses are expected to result in a sharp deterioration in the government’s finances.