Don’t miss the latest developments in business and finance.

State Revenues

Finance ministers of some states have demanded a 10 percentage point jump in their share of revenue from GST collections. What is behind this demand? What will be its impact if implemented?

Updated On: 29 Nov 2022 | 11:57 AM IST

Uttar Pradesh Chief Minister Yogi Adityanath on Friday hailed the excise department's efforts to curb the supply and black-marketing of spurious liquor and increasing revenue, a government spokesperson said. Adityanath was speaking at an event where he congratulated 332 new constables on their recruitment to the excise department. He said, "Tireless efforts were made after 2017 to curb the supply of spurious liquor. Resultantly, the state managed to gather a revenue of about Rs 42,000 crore by the end of this year, in contrast to just Rs 12,000 crore in 2017. I urge all the newly-recruited constables to work as transparently and dedicatedly as the government did during their recruitment." The chief minister also expressed happiness on the recruitment of 109 women constables and said, "It is extremely heartening to see about 30% recruitment of women during the holy 'Sharadiya Navratri'. The government is committed to providing employment opportunities to the youth with utmost ...

Updated On: 30 Sep 2022 | 7:14 PM IST

Punjab's new budget promises sops that may delay the state's date with fiscal prudence

Updated On: 07 Jul 2022 | 1:32 AM IST

India's fiscal challenge can get worse if states spend more even with lower revenue growth

Updated On: 12 Oct 2021 | 11:30 PM IST

An analysis of 17 states shows that while states' revenue spending in April-June 2021 was 14% higher than the same period in 2019, own revenues were 8% lower

Updated On: 26 Aug 2021 | 12:12 AM IST

Andhra Pradesh government presented its annual budget for the financial year 2021-22 with an estimated expenditure of Rs 2.29 trillion and estimated revenue of Rs 1.77 trillion

Updated On: 20 May 2021 | 2:49 PM IST

But their Budget numbers are inclined to be overstated due to substantial revisions in revenues and grants shared by the Centre

Updated On: 03 Mar 2021 | 7:17 PM IST

Once the pandemic is over, the states need to garner more own revenues to spend more on meritorious heads such as education, health and infrastructure

Updated On: 23 Feb 2021 | 10:38 PM IST

Any cess or surcharge should be one-time

Updated On: 13 Jan 2021 | 10:41 PM IST

This is in line with interim recommendations of 15th finance commission; similar amount was released in April-Nov period of current fiscal

Updated On: 10 Dec 2020 | 12:26 AM IST

The report is based on the state of finances of the top-18 states, including Goa and excluding Delhi, which account for 90per cent of the aggregate gross state domestic product

Updated On: 02 Dec 2020 | 12:21 AM IST

The Centre is only just learning how to draft workable contracts with the private sector

Updated On: 28 Nov 2020 | 6:10 AM IST

A similar amount was released as grant in the April-October period of the current financial year.

Updated On: 10 Nov 2020 | 11:38 PM IST

A similar amount was released as grant in April-October period of the current financial year

Updated On: 10 Nov 2020 | 5:46 PM IST

The economy is expected to see a sharp contraction, according to Reserve Bank of India's projection, and so will the tax revenues of the government

Updated On: 09 Nov 2020 | 6:10 AM IST

In FY20, provisional accounts indicate that states' revenue receipts were 12 per cent lower than the Budgeted amount

Updated On: 02 Nov 2020 | 6:10 AM IST

These 13 states include Bihar, Odisha, Andhra Pradesh, Gujarat, Uttarakhand and Meghalaya

Updated On: 13 Sep 2020 | 10:00 PM IST

Details suggest the states' tax receipts (including the Centre's devolution) fell 32.1 per cent and non-tax revenues declined 27 per cent in this period

Updated On: 12 Sep 2020 | 2:55 AM IST

The borrowing alternative offered by the Centre to make up for the shortfall in the promised compensation will lead to the states' fiscal deficits widening to 4.25 - 5.52 per cent

Updated On: 09 Sep 2020 | 9:54 PM IST

Might have to cut capex by 40%, says report

Updated On: 25 Aug 2020 | 12:59 AM IST