Kerala has directed government departments to curb expenditure while preparing Budget Estimates for the next financial year as fiscal pressures persist. The state has also asked departments to avoid non-essential projects and tighten spending despite higher revenue receipts
Fiscal policy must not be a ledger of receipts and expenditures alone; it must reflect fairness, resilience, and reciprocity between citizens and the state
India’s net direct tax collection rose 8 per cent to Rs 17.04 lakh crore till December 17, driven by higher corporate advance tax payments and slower refunds. Corporate tax revenues outpaced non-corporate collections, official data showed
The report said that although growth is projected at 8.3 per cent in 2021 for India, this masks significant expected economic damage from Covid's second wave.
New Delhi: The Centre has told the Supreme Court that going any further than the fiscal policy decisions already taken, such as waiver of compound interest charged on loans of up to Rs 2 crore for six months moratorium period, may be “detrimental” to the overall economic scenario, the national economy and banks may not […]
