While giving a detailed presentation on the Economic Survey, CEA said the Real GDP growth has improved steadily, rising from an average of 6.4 per cent during FY12-FY20 to 6.5 per cent in FY25, and is projected to accelerate further to 7.4 per cent in FY26.
India's fiscal deficit up to February 2025 (FY2024-25) was Rs 13.47 trillion ($157.62 billion), or 85.8% of the estimate for the financial year ending March 31, government data showed on Friday.
The surge in December was spurred by a huge increase in capital expenditure, which more than doubled year-on-year to Rs 87,985 crore.
"The centre's gross tax collections have shown healthy growth so far and are expected to surpass the full-year budgeted target despite the custom and excise duty cuts," the ratings agency's Chief Economist Rajani Sinha said.
The tax revenue in the Union Budget for 2021-22 was estimated at ₹22.17 lakh crore against the revised estimates of ₹19 lakh crore, with a growth of 17%. The Union Budget was presented on 1st February, 2021 when the 1st COVID wave had tapered off in India but the world was facing successive waves.
Moving the demand for grants for his department in the Assembly, Electricity, Prohibition and Excise Minister V. Senthilbalaji said that TASMAC fetched a tax revenue of Rs 33,811.14 crore last fiscal, up from Rs.33,133.24 crore earned in FY20.
The Palestinian authority transferred 597 million shekels to families of Palestinian prisoners in Israeli jails
In the wake of the pandemic & lockdowns, Punjab's tax revenue for April-June drops by 51 pc
The data revealed that total expenditure -- incurred on revenue and capital -- during the April-May period was Rs 4.72 lakh crore, or at 19.4 per cent of the entire fiscal's estimate.
India’s budgetary fiscal deficit for the 11 months ended in February of 2017-18 stood at 120.3 per cent — Rs…
