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New Delhi: The Central government has received Rs 10,95,209 crore from April to July of the current financial year, which comprises 31.3 per cent of the corresponding budget estimates (BE) for 2025-26, according to data released by the Finance Ministry on Friday. Of this, a sum of Rs 6,61,812 crore constitutes net tax revenue to…
New Delhi: Mild cuts in personal Income Tax rates to boost consumption and concessional Corporate Tax scheme for manufacturing hubs and FDIs to push the ‘Make in India’ strategy are likely in Budget 2025-26 with the government aiming to push economic growth, according to a private sector report. “Watch for higher customs duty on gold…
New Delhi: India’s fiscal deficit is expected to shrink further, on the back of growing tax revenues, according to a World Bank report. The report noted that this trend is anticipated to contribute to fiscal consolidation policies of the government. “In India, fiscal deficits are expected to continue shrinking, largely on account of growing tax…