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REVENUE-EXPENDITURE
Tribunal deletes Reliance Jio Infocomm's Rs 11,000 cr tax disallowanceThe Income Tax Appellate Tribunal deleted a significant tax disallowance imposed on Reliance Jio Infocomm. This ruling involved over eleven...- Agnipath reforms: Why Agniveers need longer service, higher retention and better career prospectsThe Agniveer scheme, initiated in 2022, is under scrutiny as discussions continue about its framework. As the government assesses input fro...
- There is one line where a loss can hide for years. If you own the stock, you find out lastEvery rupee a company spends has to be accounted for somewhere. A cost may be charged as an expense and reduce current profit, or it may be...
- CAG report flags fall in Delhi’s contribution to national GDPA CAG report shows Delhi's GSDP growth was slower than the national economy. Revenue receipts grew, driven by tax collections, while non-ta...
- CAG flags Rs 42 crore power subsidy to dormant consumers in Delhi, questions targeting of schemeCAG flagged Delhi government's power subsidy scheme irregularities and questioned beneficiary targeting. Over Rs 42 crore was disbursed to ...
- UP government presents first supplementary Budget worth Rs 59,019.54 crore amid Samajwadi Party protestUttar Pradesh tabled its first supplementary Budget for 2026-27, seeking additional expenditure of over Rs 59,000 crore. Proceedings were d...
- Centre releases Rs 1.09 lakh crore to states, advances August tax devolutionThe August 1 release is in addition to the regular monthly devolution due on August 10, giving states an early fiscal boost as they step up...
- Unfazed by West Asia crisis, fiscal deficit within range at 18.2% in Q1The Centre's fiscal deficit reached 18.2% of the full-year target in the first quarter. Higher spending was offset by stronger net tax coll...
- VB-G RAM G: A potential rural income hike comes with a burdenIndia's new rural employment scheme, VB-G RAM G, promises more work and higher wages, aiming to boost rural incomes. However, a significant...
- Finance Minister Sitharaman embarks on 4-day official visit to France to bolster economic tiesFinance Minister Nirmala Sitharaman is on a four-day visit to France to bolster the India-France Strategic Partnership and economic ties. A...
- Fiscal deficit widens to 9.6% of FY27 target on higher spendingIndia's fiscal deficit surged to 9.6% of the annual target in the first two months of the financial year, a significant jump from last year...
- Eighth Pay Panel may stay cautious on fitment factorWhile the Commission hasn't yet finalised its recommendations, early discussions suggest that the fitment factor could remain close to the ...
- State borrowings must focus on asset creation, not just revenue expenditure: FM Nirmala SitharamanUnion Finance Minister Nirmala Sitharaman urged state governments to invest borrowed funds in long-term assets like schools and hospitals, ...
- SBI Research sees Bengal budget tone most optimistic in 17 yearsWest Bengal's new budget signals a significant policy shift, moving from welfare to investment and industrial growth, according to SBI Rese...
- States' expenditure rises 131% in 10 yrs on welfare, development: CAG ReportStates' spending surged 131 percent from 2015-16 to 2024-25. Welfare and development drove this growth. Revenue expenditure remained the la...
- Fiscal stress deepens across states as all 28 post deficits in FY25: CAG reportIndia's states continued to face mounting fiscal pressures in 2024-25, with all 28 states reporting fiscal deficits and their combined liab...
- India's strong growth keeps state finances stable despite deficits, rising debt: S&PIndia's robust economic expansion is shielding state finances from worsening. Despite ongoing spending needs and revenue gaps, strong growt...
- Abnormal lag in revenue expenditure irks Defence MinistryThe Ministry said that last minute expenses in the month of March will be subject to a special audit by Defence Minister Manohar Parrikar.
- CAG raps Punjab for utilizing borrowings for paying past debtReport also mentions Government of Punjab, did an excess expenditure of Rs 2,057.34 crore.
- Assam government should restrict non-plan revenue expenditure: CAG"The revenue receipts at Rs 27,455 crore is, higher by Rs 1,334 crore than the assessment made in Five Year Fiscal Plan (FYFP)," it said.
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