Direct tax collection rises 22% to Rs 10.60 lakh crore this fiscal
According to the data released by the Ministry of Finance, collection from direct tax rose 17.59% to Rs 12.37 lakh crore on a gross basis.
According to the data released by the Ministry of Finance, collection from direct tax rose 17.59% to Rs 12.37 lakh crore on a gross basis.
This amount will enable the state governments to make in-time releases and add to the festivities and celebrations among the people, said the Ministry of Finance in a statement.
Ministry of Finance has brought changes for the purposes of calculation of ‘perquisite’ with regard to the value of rent-free…
The Centre has taken note of heavy rains this year and relaxed guidelines to release the amounts immediately, without waiting for utilisation certificates of the funds provided in the last financial year.
view of a higher multiplier effect of capital expenditure and in order to provide a boost to capital spending by states, the scheme ‘Special Assistance to States for Capital Investment 2023-24' was announced in the Union Budget 2023-24
The gross revenue from goods and services tax (GST) collected in the month of September 2022 is Rs 1,47,686 crore , according to the data released by the Union Ministry of Finance on Saturday. CGST is Rs 25,271 crore, SGST is Rs 31,813 crore, IGST is Rs 80,464 crore (including Rs 41,215 crore collected on import of goods) and Cess is Rs 10,137 crore (including Rs 856 crore collected on import of goods).
The Financial Stability and Development Council took stock of the preparations for the deliberations over financial sector issues to be taken up during India’s G20 Presidency in 2023.
During Q2 of FY22, the Central Government issued dated securities worth Rs 3,83,863 crore as against Rs 3,18,493 crore in Q1 of FY21, while repayments were at Rs 34,070 crore. The weighted average yield of primary issuances increased to 6.26 per cent in Q2 FY22 from 6.11 per cent in Q1 of FY22.
The Ministry of Rural Development said that guidelines applicable for the Central Government as well as State Governments under the law were being followed.
The States recommended for the PDRD Grant by the Fifteenth Finance Commission are: Andhra Pradesh, Assam, Haryana, Himachal Pradesh, Karnataka, Kerala, Manipur, Meghalaya, Mizoram, Nagaland, Punjab, Rajasthan, Sikkim, Tamil Nadu, Tripura, Uttarakhand and West Bengal.
