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We now keenly await the recommendations of the 16th Finance Commission.

Going forward, much depends on states’ room for spending

January 05, 2026 2:06 pm

In FY2021-FY2025, the combined capital expenditure and loans & advances of 28 states reported a healthy 18.5 per cent CAGR, doubling to Rs 8.4 trillion

For Centre & state finances, a reckoning

January 05, 2026 1:33 am

With the GST rate cuts clearly impacting revenues, the Centre will have to cut expenditures for meeting its deficit targets.

TransUnion CIBIL found that demand for consumer durable loans was incrementally higher by around one-and-a-half times in the festival window compared to a year ago. (File Photo)

GST cuts impact Centre’s coffers as fiscal deficit widens on lagging tax collections

December 31, 2025 7:31 pm

The fiscal deficit for April-November stood at 62.3 per cent of the full-year target of Rs 15.69 lakh crore.

SC has role in clean-up, not in GST on purifiers

SC has role in clean-up, not in fixing GST rates on purifiers

December 29, 2025 7:20 am

For the GST rates on air purifiers to be lowered, neither the Centre alone, nor only the states — and certainly not the courts — can decide

Punjab, Finance Minister, Harpal Singh Cheema,

Punjab GST collections up 16% till Nov, excise revenue surges over 8%: Finance Minister Cheema

December 23, 2025 10:05 pm

Harpal Cheema said the Goods and Services Tax (GST) collections grew by Rs 2,467.30 crore over the corresponding period of the previous year, reflecting the state's focus on economic recovery and improved taxpayer compliance.

Reforming the fertiliser subsidy regime demands political courage, but the rewards could be substantial. (Illustration: C R Sasikumar)

Reforming the fertiliser subsidy demands political courage, offers high rewards

December 22, 2025 2:38 pm

The fertiliser subsidy is the second-largest item in the Union budget, next only to the food subsidy — its allocation is more than the Ministry of Agriculture and Farmers’ Welfare allocation of Rs 1.37 lakh crore in FY26.

GST rationalisation, Karnataka revenue deficit, Mid-Year Review on State Finances,

GST rationalisation, delay in assent to mineral Bill to hit Karnataka revenues: mid-year finance review

December 17, 2025 9:18 pm

Karnataka has surpassed Maharashtra and Gujarat to emerge as the leading recipient of foreign direct investment inflows, according to the Mid-Year Review on State Finances 2025-26.

The Chhattisgarh High Court has granted anticipatory bail to a Raipur-based freelance accused in a Rs 124 crore GST fraud case.

Chhattisgarh High Court gives pre-arrest bail to man in Rs 124 crore GST fraud case

December 13, 2025 10:16 am

Chhattisgarh GST fraud news: The state claimed that a Raipur-based freelance accountant was associated with 21 ‘non-existent’ firms used solely for issuing e-way bills worth Rs 821 crore.

Mop-up at Rs 1.70 lakh crore: Gross GST collections flat in Nov; taxable value of supplies up by 15% in Sept-Oct

December 02, 2025 2:27 am

Overall, GST collections, after refunds and excluding cess, stood at Rs 1.52 lakh crore in November as against Rs 1.50 lakh crore, up 1.3 per cent from last year. Including cess, net GST mop-up was Rs 1.56 lakh crore in November, down 4.2 per cent from last year.

Centre to bring new levies on tobacco, pan masala as GST cess set to lapse

Centre to bring new levies on tobacco, pan masala as GST compensation cess set to lapse

December 01, 2025 8:58 am

Bills to amend excise duty, introduce 'Health Security se National Security Cess'.

GST VIDEOS

The Agrarian Unrest Part 1: This could be the Narendra Modi government’s biggest problem

June 22, 2020 6:09 pm

Thousands of farmers from across the country have taken to the streets. ‘Dilli chalo’ is their slogan. What do they want? And is agrarian distress this government’s biggest problem? Harish Damodaran explains.

Why a leader is aligning with someone is more important that who aligns with who; Mamata Banerjee has a major role: Amit Mitra, Bengal Finance Minister

June 22, 2020 6:10 pm

Bengal FM Amit Mitra talks about demonetisation, the problems with GST, failing Centre-state relations, the need for protecting and building institutions such as the RBI and CBI, investments in the state, and what the BJP “doesn’t get about Bengal".