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What are Budget estimates
Latest Updates on Budget estimates
While Goa and Delhi are among the few states that exceed the national average, with Goa meeting the 8 per cent target, others like Uttar Pradesh and Bihar allocate less than 6 per cent to healthcare
In absolute terms, the fiscal deficit -- the gap between government's expenditure and revenue -- was at Rs 7,50,824 crore during April-October period
Shift to new tax regime, steady rates affect collections
Total financial provision 27 per cent lower than FY25 Budget Estimates
The Union Budget for fiscal 2024-25 (FY25) will be presented on July 23, 2024
With this, the gross tax collection target as per the revised estimate stood at Rs 34.37 trillion for FY24
The report suggests grants from Centre to states have been falling due to no GST compensation funds and lower finance commission grants
The final report of the 15th Finance Commission had recommended the transfer of 41 per cent to the states after Jammu and Kashmir was carved out into two union territories
Up next: Bridging the gap for better access to islands
Simplifying taxes would help businesses navigating turbulent times, writes Ketan Dalal
Recent bond auctions saw bids that surpassed expectations, said Alok Singh, group treasury head at CSB Bank
Punjab had over 40% debt as a proportion of GSDP in 2019-20 too, while Himachal Pradesh had 39.1%
It was backed by a 20% increase in advance tax revenues
The government's command over household savings needs to be reduced for stimulating demand and private credit
Without the expenditure rationalisation, the Revised Estimates (RE) for the Centre's total spending would have been about Rs 43.4 trillion instead of Rs 41.9 trillion
The CEA also said that as nominal and real GDP growth improve, many more urban jobs will be created and that will also absorb more of the rural workforce
Critics say fund cut will lead to delay in payments, suppression of demand
Budget 2023-24 adopted seven priorities or Saptarishi, one of which is building focus on green growth
Presently, no TDS is required on interest payable in the case of listed dematerialised securities
Investors in the automobiles sector are clearly betting on big ticket consumption improving, including commercial vehicles