Rise in global commodity as well as crude prices, mounting subsidy burden, and the fear of a shortfall in disinvestment proceeds have made economists and experts unsure about the state of government’s finances. However, the finance ministry is hopeful of keeping its fiscal deficit under control. The optimism partly stems from the fact that the Rs 70,000-crore one-time expenditure it saw last
Net direct tax collections fell sharply by 47.9 per cent to Rs 12,954 crore in the first two months of the current financial year, as refunds during the period more than doubled compared to last
Orissa has overshot the budget estimate (BE) for revenue collection and recorded impressive growth in combined earnings of tax and non-tax revenue in 2010-11 compared to the achievement in the
After increasing the direct tax collections target in 2010-11 by Rs 20,000 crore, the finance ministry now plans to raise the indirect tax receipts by at least Rs 10,000 crore to Rs 3,25,000 crore
The spectrum bonanza and higher tax collections have helped the Centre restrict its fiscal deficit during the first half of the current financial year to 34.9 per cent of the budget estimate for
Orissa has shown a marked improvement on the expenditure front, both Plan and Non-Plan, in the April-August period of the current financial year.
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