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Western, southern states' share in direct tax collections rose further in FY24

The country's north, central, and eastern parts have fallen further behind, with the share falling to 25.6 percent in FY24 from 30.5 percent before the pandemic

Centre's FY24 fiscal deficit at 5.6% of GDP, lower than revised estimate of 5.8%

The fiscal deficit came in at Rs 16.54 lakh crore, or 95.3% of the estimate

Budget 2023: Will the government use fiscal war chest, spend big in a pre-election budget?

Budget 2023-24 is likely to be juggling act to meet the twin needs of capex and fiscal consolidation

Business Insight | How much do petrol and diesel contribute to tax revenues?

As petrol and diesel prices rise for the fourth straight day, Moneycontrol's Gaurav Choudhury explains how a disproportionately high amount of tax revenues comes from just one set of products, both for the Centre and the states

3-Point Analysis | Fiscal push to beat the stress of coronavirus outbreak

Moneycontrol's Sakshi Batra does a 3-Point Analysis to understand if the government’s fiscal position has any room.

Budget 2017: 5 things IIFL feels FM Arun Jaitley is likely to focus on

Expect an increase in tax exemption limit for the salaried class and a lowering of the existing corporate tax rate to stimulate economic growth.

Indian economy stands out amongst emerging markets: FSR

Despite global uncertainties, banking sector issues, the economy stands out in terms of growth as compared to other emerging markets and the Indian financial system remains stable, a report released by Reserve Bank said on June 28

'All telcos but RJio for uniform SUC; 4.5% charge too high'

Citing a study by Deloitte, the COAI, representing players like Airtel, Vodafone, Idea Cellular, said reducing SUC by 1 percent can increase GDP by about Rs 1.76 lakh crore and reduce number of people below poverty line by 4.7 percent.

Fiscal discipline, not a choice but a necessity

The midyear review of the economy by the chief economic advisor makes a strong case for fiscal loosening next year. The review argues that private investment and global growth are likely to remain anaemic.

Budget 2015-16: Higher Plan expenditure seen on low fuel subsidy, says IDFC

IDFC expects food subsidy increase to Rs 12,500 crore from Rs 11,500 crore in FY15, and fertilizer subsidy to decrease to Rs 55,000 crore from Rs 77,000 crore on the back of lower international prices

Here's Religare's view on Vote on Account

According to Tirthankar Patnaik, tax revenue numbers are definitely optimistic, particularly income taxes going up by 27 percent are defiantly on the optimistic side

What India Inc expects from the budget

Captains of India Inc presented their budget wishlist to the finance minister today. As expected, the list is long and encompassing a wide range of issues, including tax rates, stimulus and rate cuts. Aakansha Sethi of CNBC-TV18 rounds up the report.

No tripwire making government debts 'unsustainable'

If doubts about US government credit quality and the country's long-term growth horizon have seen its 10-year borrowing costs fall by a third, it's a wonder anyone pays heed to ideas of "unsustainable" sovereign debts.

FM mulls excise duty hikes to bridge tax revenue shortfall

The government is worried about the expected shortfall in tax revenues and is considering a hike in excise duty on goods like diesel cars and tobaco products, reports Aakanksha Sethi of CNBC-TV18.

Government introduces GST bill in Parliament

The government introduced an ambitious tax reform bill into Parliament on Tuesday, even as the Opposition disrupted proceedings accusing Prime Minister Manmohan Singh of lying to parliament about a cash-for-votes scandal.

Budget 2011: Fiscal deficit seen at 4.7% of GDP in FY12

CNBC-TV18’s Latha Venkatesh reports that the fiscal deficit numbers are being watched not only by rating agencies but also by FIIs who worry that India is headed towards a huge fiscal deficit and a current account deficit.