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RECEIPT BUDGET
India considers spending curbs to protect fiscal deficit targetIndia's government is reviewing potential budget spending cuts. Higher oil prices are increasing subsidy costs and threatening fiscal goals...
Kerala's liabilities top Rs 5 lakh crore; pending dues near Rs 49,000 croreKerala faces a severe fiscal challenge. Total outstanding liabilities have surpassed Rs 5.07 lakh crore. Unpaid dues and deferred payments ...
India meets FY26 fiscal deficit goal at 4.4% of GDP despite revenue and global pressuresIn a commendable feat, the Indian government has hit its FY26 fiscal deficit goal of 4.4% of GDP, largely due to prudent expenditure manage...
India meets FY26 fiscal deficit target of 4.4% of GDP; revenue deficit at 1.55%India's fiscal deficit reached the budgeted 4.4% of GDP for fiscal 2026. This eases immediate government finance worries. However, the focu...
RBI's dividend gives Govt fiscal breathing space amid crude oil pressures: Kotak Securities Anindya BanerjeeThe Reserve Bank of India's (RBI) record dividend payout of Rs 2.87 lakh crore is expected to directly repair the government's balance shee...
Behind the petrol pump: Why fuel retailers losing Rs 7-8 per litre need $85 crude oil to stop bleeding cashOil companies face continued losses of Rs 7-8 per litre on petrol and diesel, with a breakeven point only at crude prices of $85-87 a barre...
RBI declares record Rs 2.87 lakh crore dividend to cushion war shockThe Reserve Bank of India announced a record surplus transfer to the government for FY26, though it falls short of budget estimates. This s...
Why is the 2026 Social Security 2.8% COLA failing against 3.3% inflation? Is your retirement check shrinking?Social Security COLA 2026 Inflation Gap: Why 2.8% Increase Trails 3.3% Senior Inflation. The 2.8% Social Security COLA for 2026 is failing....
Trump's $166 billion tariff refunds may finally be in sight as first payouts expected by May 11The Trump administration is set to issue its first tariff refunds around May 11, following the Supreme Court's ruling that the sweeping dut...
$994 SSI payment May 2026: Will your Social Security check arrive on May 1, who qualifies, and exact deposit timing?The $994 SSI payment for May 2026 is confirmed. The deposit date is May 1, 2026. This is the official Supplemental Security Income (SSI) pa...
Tax on destination wedding outside India: Will income tax apply on gifts in form of cash, property, gold jewellery? Know the rulesWhether it is cash, gold, car, or even a property, if gifted to the bride or the groom on their wedding, no tax would be levied on the gift...
Prolonged war may hit Rs 75,000 crore dividend targetThe ongoing turmoil in West Asia casts a shadow over India's revenue streams. Soaring commodity prices may squeeze the profitability of sta...
India’s April–February fiscal deficit at Rs 12.53 lakh crore, narrows on-year to 80.4% of FY26 aimAs of February, India's fiscal deficit escalated to Rs 12.5 lakh crore, capturing 80.4% of the year’s aimed target. This decrease from last...
Gujarat Budget 2024 Highlights: Girls to get Rs 10,000 per year till class 10th, Rs 25,000 till 12th; 8 cities get Municipal Corporation statusGujarat Budget 2024 Highlights: Following the unveiling of Union Budget 2024 by Finance Minister Nirmala Sitharaman, the focus has shifted ...
- What is Receipts Budget?
The document provides the arrears of tax revenues and non-tax revenues, as mandated under the Fiscal Responsibility and Budget Management R...
Arun Jaitley drapes Budget Speech documents in tri-colourThe other documents -- Budget at a Glance, Receipts Budget and Expenditure Budgets -- have photograph of Parliament on them.
Receipts Budget chapter on revenue forgone serves only to misleadA particular tax break encourages a desirable income-enhancing activity, the tax proceeds of which are not take into account for computing ...