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revenue collection News
Bimal Jalan thrashes fixation with fiscal deficit targeting
Fri, Dec 08, 2017
The government has targeted a 3.2 per cent of GDP fiscal deficit target for the current fiscal. There are serious concern on achieving this year given the precarious revenue collection position following the implementation of the goods and services tax, which has put a slew of sectors in the lurch. Fiscal deficit is the gap between revenue expenditure and revenue receipts.
Govt meets 3.5% fiscal deficit target in 2016-17
Wed, May 31, 2017
Total expenditure of the government in April was Rs 2.42 lakh crore, or 11.3 per cent of the full-year estimate
India's tax net grew in 3 years of PM Modi's rule: Arjun Ram Meghwal
Sun, May 21, 2017
Union Minister Arjun Ram Meghwal while speaking at the Entrepreneurship Development Institute of India (EDII) institute in Ahmedabad on Saturday said that India's tax net has grown due to the Centre's policiesed by the PM Narendra Modi in the last three years.
Demonetisation may compel government to provide stimulus: India Ratings
Wed, Jan 25, 2017
Finance Minister Arun Jaitley in his Budget 2017 on February 1 may have to provide stimulus to the economy reeling under the 'Tsunami' of demonetisation, India Ratings and Research said on Wednesday.
Service tax collection from Mumbai up 23% in 4 months
Sun, Aug 28, 2016
Service tax collection from Mumbai zone has surged by nearly 23 per cent during the first four months of the fiscal over the year-ago period and has also surpassed the set target. Tax officials are also hopeful of achieving the full year target given to it by the government.