Direct Tax Receipts

Interim Budget: It always interests the common man to know where the government gets its money from and where it spends it, here's what the Budget document says

Earlier this month, finance minister for state Bhagwat Karad said that the Centre was confident of meeting the fiscal deficit target of 5.9% in FY24

Centre's fiscal deficit till October at 45% of budget estimates, bit lower than last year's

Monthly GST mop-up in FY25 could be Rs 1.7-1.8 trillion

The government's non-debt capital receipts consisted of recovery of loans of Rs 20,229 crore and miscellaneous capital receipts of Rs 38,671 crore

Up more than Rs 1 trn over RE for FY22, to help govt rein in fiscal deficit at 6.9%

Govt's total receipts during April-February stood at Rs 14,13,096 cr or 88.2% of the revised estimates presented in the Budget on Feb 1

The deficit is predicted to exceed 8% of GDP in the 2020/21 fiscal year that began in April, economists said.

Here are the top business headlines on Thursday morning

The Government of India has received Rs 12,82,857 crore up to January 2020, an official statement said

With over Rs 9 trillion worth direct taxes locked up in litigation, the government last week introduced 'Direct Tax Vivad se Vishwas Bill, 2020' in the Lok Sabha

On the other hand, tax revenues rose 13.44 per cent for West Bengal in this period

The reduced growth is largely because of consumption slowdown and tax rate cuts

Advance tax collections growth slows to 11% in H1FY18