tax revenue

Bengaluru, April 7 – The proposed redrawing of Lok Sabha and Assembly constituencies would not only reduce the number of seats in southern states but also lead to financial disadvantages for them, former Congress MP D.K. Suresh said on Tuesday, alleging that tax revenues from the south would be...

Patna, April 2 The commercial taxes department of Bihar recorded revenues worth Rs 43,324 crore in the 2025-26 financial year, achieving 93.17 per cent of the target of Rs 46,500 crore, a senior official said on Thursday.The collection was 4.09 per cent higher than the figure in 2024-25, he...

New Delhi, April 1 Gross GST collections grew by 8.8 per cent to over Rs 2 lakh crore in March, driven by tax revenues from both domestic sales and imports, according to government data released on Wednesday.The gross Goods and Services Tax (GST) collection reached Rs 1.83 lakh crore in March...

New Delhi, March 31 The government has notified the Finance Act 2026, paving the way for changes in tax provisions.This Act implements the financial proposals of the central government for 2026-27, a gazette notification dated March 30 issued by the Ministry of Law and Justice said."The...

New Delhi, March 30 The central government's fiscal deficit stood at Rs 12.52 lakh crore at the end of February, or 80.4 per cent of the annual budget target for 2025-26, compared to 85.8 per cent in the year-ago period, according to government data released on Monday.The Centre estimates the...

New Delhi, March 27 – The battle for Tamil Nadu played out in the Rajya Sabha on Friday as the DMK and AIADMK accused each other of mismanaging the state's finances and hindering the implementation of central schemes.While DMK leader P Wilson blamed the ruling NDA for not doing enough for the...

Chandigarh, March 27 Punjab BJP President Sunil Jakhar expressed his gratitude to Prime Minister Narendra Modi on Friday for taking a major decision to provide relief to the general public in view of rising global fuel prices.The excise duty on petrol has been reduced from Rs 13 to Rs 3 per...

New Delhi, March 27 The Parliament on Friday passed the Finance Bill 2026, with the Rajya Sabha returning it to the Lok Sabha through a voice vote, completing the budgetary exercise for the next fiscal, which begins on April 1.The Lok Sabha had passed the bill on March 25, along with 32...

New Delhi, March 25 Delhi Home Minister Ashish Sood on Wednesday termed the 2026-27 budget a "roadmap for development" and said it reflects the government's focus on people-centric administration, higher capital spending, and social welfare.Speaking on the motion of thanks over the Delhi...

New Delhi, March 25 The Lok Sabha passed the Finance Bill 2026, along with 32 government amendments, on Wednesday.With the passage of the Finance Bill 2026, the Lok Sabha has completed its part of the budgetary approval process. The Upper House, the Rajya Sabha, will now consider the Bill...

New Delhi, March 23 – According to the 2025-26 economic survey report presented to the Delhi assembly by Chief Minister Rekha Gupta on Monday, Delhi's per capita income at current prices is likely to reach Rs 5,31,610, registering a growth of 7.92 per cent over 2024-25.The Chief Minister...

New Delhi, March 23 According to the 2025-26 economic survey report, presented to the Delhi assembly by Chief Minister Rekha Gupta on Monday, Delhi's per capita income at current prices is likely to reach Rs 5,31,610, registering a growth of 7.92 per cent over 2024-25.The report further stated...

Thiruvalla (Kerala), March 23 Kerala Chief Minister Pinarayi Vijayan on Monday alleged that a tacit understanding between the Congress and the BJP had paved the way for the saffron party's victory in Nemom during the 2016 Assembly elections, as he rejected fresh Opposition claims of a "CPM-BJP...

Shimla, March 20 A cess on petrol and diesel will be levied in Himachal Pradesh, targeting orphans and widows.Chief Minister Sukhvinder Singh Sukhu introduced the Himachal Pradesh Value Added Tax (Amendment) Bill, 2026, in the Legislative Assembly on Friday, under which a cess will be levied...

Bengaluru, March 9 – Chief Minister Siddaramaiah defended Karnataka’s fiscal management on Monday, blaming the Centre for shortfalls in expected funds, stating that the state was forced to present a deficit budget despite maintaining financial discipline.Addressing a training session for...

Mumbai, March 9 – Maharashtra’s Medium Term Fiscal Policy (MTFP) statement for 2026-27 presents a picture of a state trying to manage a rising debt burden through aggressive infrastructure spending.Although the headline figures suggest fiscal discipline, the underlying numbers indicate...

Punjab Finance Minister Harpal Singh Cheema presented the state's budget for the fiscal years 2026-27, allocating 2,60,437 crore rupees.The total revenue projected for 2026-27 is 1,26,190 crore rupees. Of this, 70,851 crore rupees will come from Own Tax Revenue, and 15,687 crore rupees from...

Mumbai, March 6 – Maharashtra Chief Minister Devendra Fadnavis, in the annual budget for 2026–27, presented on Friday in the state Assembly, proposed a series of tax measures aimed at generating additional revenue.He proposed increasing the environmental tax on vehicles in the non-transport...

Bengaluru, March 6 Presenting his 17th budget on Friday, Karnataka Chief Minister Siddaramaiah said that by not adhering to the federal system of governance as per the constitution, the Centre is doing injustice to Karnataka.He also said that the state government is pursuing a development...

Mumbai, March 5: Maharashtra's public debt is projected to reach a staggering Rs 9.32 lakh crore in 2025-26, even as the state projects strong economic growth of 7.9 per cent, exceeding the national forecast, according to the pre-budget Economic Survey presented in the Maharashtra Assembly on...