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Monday, May 23, 2022

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REVENUE NEWS

BEL turnover in 2021-22 touches Rs 15000 cr; HAL records highest-ever revenue

April 01, 2022 8:37 pm

HAL achieved record revenue with production of 44 new helicopters/aircraft, 84 new engines, overhauling 203 aircraft / helicopters and 478 engines. 

Hotel industry opposes BMC plans to collect use fee for garbage disposal

February 04, 2022 9:17 pm

The solid waste management rules of 2016 define “user fee” as a charge imposed by the local body on a waste generator to cover full or part of the cost of providing door-to-door solid waste collection, transportation, processing and disposal services.

Nike raises full-year sales forecast, posts surprise earnings growth

December 19, 2020 11:19 am

Under lockdown, people have also been logging into Nike's workout and store apps en masse, driving significantly higher online sales all year. The company reported a 12% increase in profit to $1.25 billion, or 78 cents per share, beating analysts' expectations of 62 cents per share.

Centre allows 20 states to borrow additional Rs 68,825 cr to meet revenue shortfall

October 13, 2020 10:57 pm

The decision comes a day after the GST Council meeting failed to reach a consensus on the stalemate over the Centre's proposal of states borrowing against future GST collections to make up for the shortfall.

Finance Secretary: ‘Collection is down due to levies lower than revenue neutral rates, wrong to infer revenue has declined due to GST’

July 02, 2020 10:41 am

Ajay Bhushan Pandey, who holds charge as Revenue Secretary, said rate rationalisation, correction of inverted duty structure have been discussed in the GST Council and the decisions about these will be taken in the next 8-9 months.

A revenue gap

January 03, 2020 5:03 pm

With revenues falling well short of expectations, the Centre may have to cut back on spending in order to meet the fiscal deficit target.

Multi-crore Shamlat land compensation case: Chandigarh revenue officer sent to police remand

May 06, 2016 6:17 am

He, along with Bhim Singh, senior manager, Punjab National Bank, New Delhi, were accused in a multi-crore Shamlat land compensation case.

IGR meets 85 per cent target, hopes to collect Rs 21,000 cr revenue

February 16, 2016 3:54 am

The department is also hopeful that with the state decision to revise the ready reckoner rates from April 1 will also lead to increase in registrations in March.

Maharashtra: Revenue shortfall impacts govt’s big public spend plan

October 01, 2015 1:25 am

On a day when the government hiked taxes on petrol and diesel, gold, diamond, jewellery, cigarettes, alcohol and soft drinks, state’s finance managers admitted that overall financial position had worsened.

FM to meet CBEC officials to review revenue mop-up

November 04, 2014 4:13 am

The decline in excise duty collection has been on account of a poor show by the index of industrial production (IIP).

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