New Delhi, April 6 (IANS) Pakistan’s total public debt rose from Rs 71 trillion to Rs 80.5 trillion in 360 days, a government fiscal summary shows — a Rs 9 trillion increase across a period the government has described as one of economic stabilisation — a new report has said.According to a report published in The News International, the increase translates to Rs 26 billion borrowed every day, including 19 gazetted public holidays.Hourly, the government incurs Rs 1.08 billion in new debt. Moreo…
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Shivamogga (Karnataka), Feb 2 (IANS) Alleging that the Congress-led government hurriedly passed the Karnataka Hate Speech and Hate Crimes (Prevention) Bill, 2025, during the Belagavi Winter Session without allowing proper discussion, BJP state president and MLA B.Y. Vijayendra said the Bill was brought with the sole intention of silencing the Opposition.Speaking to the media on Monday, Vijayendra responded to a question on the Governor not giving assent to the Bill. He said the legislation is ha…
New Delhi, Jan 30 (IANS) India’s fiscal deficit for the first nine months (April-December) of the financial year 2025-26 stood at Rs 8.55 lakh crore, which works out to 54.5 per cent of the annual target set in the Budget for the full financial year, according to data released by the Finance Ministry on Friday.The fiscal deficit is lower than the corresponding figure of 56.7 per cent recorded in the same period of the previous year.Total receipts during the first nine months of the current finan…
New Delhi, Jan 28 (IANS) The government’s capex (capital expenditure) may cross Rs 12 lakh crore in the forthcoming Union Budget for 2026-27, which would represent an increase of around 10 per cent over the corresponding figure of the previous financial year, according to an SBI report released on Wednesday.This would enable the government to step up investments in big-ticket infrastructure projects in the highways, railways, ports and power sectors to boost growth and jobs in the economy.The FY…
New Delhi, Jan 23 (IANS) India’s gross tax revenue is projected to improve in FY27, rising by 9.6 per cent, marginally lower than projected nominal GDP growth of 10.1 per cent, a report said on Friday.The report from CareEdge Ratings said that direct tax collections are expected to see some improvement in FY27, aided by recovery in income and corporate tax collections.The government’s capex is projected to grow 10 per cent to Rs 12.3 trillion in FY27, while the fiscal deficit is expected to be b…
New Delhi, Jan 5 (IANS) Chinese authorities have stepped up tax collection from online sellers as part of a broader push to boost government revenues amid slowing economic growth, a report has said.Since a new tax law came into force in October, ecommerce platforms such as Alibaba, Shein and Amazon have begun sharing detailed data with tax authorities.The information includes merchants’ names, orders, sales figures, profits and even income from virtual gifts or digital tokens, according to doc…
New Delhi, Dec 31 (IANS) India’s fiscal deficit in the first eight months (April-November) of the financial year 2025-26 was estimated at Rs 9.8 lakh crore, or 62.3 per cent of the budget estimate for the full financial year, data released by the Controller General of Accounts on Wednesday showed.The data showed that the government has stepped up its capital expenditure on big-ticket infrastructure projects such as highways, ports, and railways to spur growth and create more jobs in the economy….