India’s Fiscal Deficit Declines to 8.1% of Full-Year Estimate in Q1 FY25 Overview of the Decline India’s fiscal deficit for the first quarter of FY25 has shown a significant reduction, reaching 8.1% of the full-year estimate. This development is notable as it reflects a positive shift in the country’s economic management. The fiscal deficit for…
Robust Fiscal Management: Centre and States Maintain Sub-7% GDP Fiscal Deficit Fiscal management remains a critical factor in sustaining a stable economic environment, especially amidst global uncertainties. Recent reports reveal a commendable feat by both the Centre and various states in maintaining a fiscal deficit below 7% of the Gross Domestic Product (GDP). This development…
October Gross GST Collections Reach ₹1.72 Lakh Crore The Goods and Services Tax (GST) is an essential component of India’s fiscal landscape, and it often finds its way into government exams for various positions, including teachers, police officers, banking, railways, defense, and civil service positions like IAS. In October, India’s gross GST collections reached an…
India’s Net Direct Tax Collections Surge by 21.8%, Surpassing Half of Budget Projections India’s economic landscape has been experiencing significant changes, especially in the realm of tax collections. In recent news, the country’s net direct tax collections have seen an extraordinary surge, exceeding even the most optimistic expectations. This article delves into the details of…
India’s Fiscal Deficit Reaches 36% of FY Target in August India, like many nations, grapples with the challenge of managing its fiscal health while striving for economic growth and development. In the pursuit of striking a balance, the country closely monitors its fiscal deficit, a key economic indicator reflecting the gap between government spending and…
