India direct tax collections FY26 growth shows a 5.12% rise to ₹23.40 lakh crore, highlighting CBDT data on corporate tax, income tax, and fiscal performance of India’s economy. India’s Direct Tax Collections Show Steady Growth in FY26 📌 Strong Rise in Net Direct Tax Collections India’s net direct tax collections registered a steady growth of…
GST collection in FY25 hits a record ₹22.08 lakh crore, showing 9.4% growth and highest-ever monthly collection in April. Learn key facts, FAQs & MCQs for IAS, SSC, Banking exams. India’s GST Collections Hit Record ₹22.08 Lakh Crore in FY25 🚀 India’s gross Goods and Services Tax (GST) collections surged to a record ₹22.08 lakh crore in…
Government Increases Excise Duty on Fuels In a significant development, the central government has increased the excise duty on petrol and diesel, aiming to boost revenue amidst fiscal pressures. The latest hike has raised the excise duty on petrol by ₹2 per litre and diesel by ₹1 per litre, effective immediately. This decision has implications…
Surge in GST Collections: October Sees 8.9% Year-on-Year Growth In October 2024, India witnessed a notable surge in Goods and Services Tax (GST) collections, which reached a remarkable ₹1.87 lakh crore. This represents an 8.9% increase compared to the same month last year. The growth in GST revenue is indicative of the robust economic recovery…
GST Collections Surge by 10% to ₹1.75 Lakh Crore in August Introduction to the Surge in GST Collections In August 2024, India’s Goods and Services Tax (GST) collections experienced a significant increase of 10%, reaching ₹1.75 lakh crore. This growth highlights the robustness of the Indian economy and the effectiveness of the tax system in…
PSU Banks Pay ₹6,481 Crore Dividend to Government for FY 2023-24 In the financial year 2023-24, Public Sector Undertaking (PSU) banks have contributed significantly to the government’s revenue by paying a substantial dividend amounting to ₹6,481 crore. This financial contribution highlights the robust performance and profitability of PSU banks, marking an essential development in the…
SBI Distributes Rs 6,959 Crore Dividend to Government SBI’s Dividend Distribution State Bank of India (SBI), the country’s largest public sector bank, has distributed a dividend of Rs 6,959 crore to the Government of India for the financial year 2022-23. This move is part of the bank’s annual dividend payout, which reflects its robust financial…
Government Receives Rs 3,662 Crore Dividend from LIC The Government of India has recently received a substantial dividend of Rs 3,662 crore from the Life Insurance Corporation (LIC) of India. This significant financial influx is part of the annual profit distribution to its stakeholders, marking a notable event in the financial sector of the country….
Odisha Achieves Rs 50,000 Crore Mining Revenue in the Financial Year 2021-22: Announces Chief Secretary In a significant milestone, Odisha, renowned for its rich mineral resources, achieved a remarkable feat in the fiscal year 2021-22 by attaining a staggering mining revenue of Rs 50,000 crore. This unprecedented achievement was announced by the Chief Secretary of…
LIC Delivers Dividend Cheque of ₹18,31 Crore to Finance Minister Life Insurance Corporation of India (LIC), the largest insurance company in the country, recently presented a dividend cheque of ₹18,31 crore to the Finance Minister. This event holds substantial significance for aspirants preparing for government exams, particularly those eyeing positions in the finance sector. Let’s…
