Centre Transfers Over Rs 4.28 Lakh Crore As Tax Revenue To States
Interest payments make up Rs 4,46,690 crore of the total revenue expenditure, while major subsidies account for Rs 1,13,592 crore. The government’s capital expenditure on big-ticket infrastructure projects in the highways, railways, ports and power sectors has crossed Rs 3.5 lakh crore compared to Rs 2.6 lakh crore a year ago.
Aug 29, 2025, 18:27 PM IST
Gujarat Records 11% Rise In GST Collection For June 2025, Total Monthly Tax Revenue Nears Rs 10,000 crore
Since the implementation of the GST in July 2017, Gujarat has consistently ranked among the top-performing states in terms of GST revenue collection.
Jul 01, 2025, 23:33 PM IST
Budget 2025-26: Income Tax Cuts and Increased Gold Tariffs Anticipated, Says Report
The new Budget will come on the back of the government again overachieving its gross fiscal deficit target in FY25 at 4.7 per cent of the GDP vs 4.9 per cent in FY25 (RE) amid solid personal Income Tax revenue stream.
Jan 27, 2025, 16:57 PM IST
World Bank Expects India's Fiscal Deficit To Shrink Further Amid Rising Tax Revenues
In contrast, fiscal deficits in other South Asian nations are projected to remain stable due to fiscal adjustments being offset by higher interest payments in Pakistan and infrastructure investments in Bangladesh.
Jan 19, 2025, 15:05 PM IST
Direct Tax collections for FY 2017-18 show growth of 19.5 percent up to February 2018
High growth was recorded in corporate and personal income taxes.
Mar 08, 2018, 22:47 PM IST
Fiscal deficit overshoots full-year target in January
India's fiscal deficit touched Rs 5.64 lakh crore at the end of January, 105.7 percent of the full-year target, mainly due to lower realisation of non-tax revenue.
Feb 28, 2017, 20:01 PM IST
Fiscal deficit hits 68% of Budget estimate in first half
The fiscal deficit is the gap between expenditure and revenue.
Oct 30, 2015, 19:01 PM IST
Switzerland slides into deficit on surprise revenue fall
The Swiss government said Wednesday it suffered its first federal budget deficit in nearly a decade last year following a surprise 9 percent drop in key sources of tax revenue.
Feb 11, 2015, 22:07 PM IST
Tax revenue growth good, divestment programme on track: Jaitley
Jaitley also said that the government's tax revenue collections have been good, although refunds for past periods are making an impact.
Jan 23, 2015, 13:30 PM IST
Direct tax collections rise 5.67% during Apr-Nov
The government's direct tax collections during April-November of this fiscal rose 5.67 percent to Rs 3.29 lakh crore over the same period a year ago.
Dec 23, 2014, 19:01 PM IST
Over Rs 74,000-cr unrealised tax revenue; CAG for close review
Over Rs 74,000 crore in central excise and service tax revenue is pending realisation for 2012 -13 on various grounds, including that of injunction or appeal.
Sep 22, 2014, 16:58 PM IST
Indirect tax collections up 4.6% in April-August
Indirect tax collections rose by 4.6 percent from Rs 1,85,881 Crore in April-August 2013 to 1,94,492 Crore during April-August 2014.
Sep 12, 2014, 15:03 PM IST