Page 29 - Fiscal News Today : Breaking News, Live Updates & Top Stories | Vimarsana

People urged to check their tax code as new financial year begins.

In the fiscal year 2023-24, the government's dividend collections from non-financial central public sector enterprises and entities with minority stakes reached a record high of ₹63,749 crore, showing a 27.5% increase over the revised estimate. However, disinvestment proceeds fell slightly short of expectations, totaling ₹16,507 crore, mainly due to the IDBI Bank sell-off process spilling over into the current fiscal year. The government achieved divestment through the dilution of minor stakes in 10 entities, primarily via the offer for sale route.

TOKYO -- Japanese government bond purchases by the Bank of Japan fell 36% from the previous year's peak to 87.6 trillion yen ($579 billion at current

The Government e-Market (GeM) has achieved over Rs 4 lakh crore in procurement this fiscal year. Launched in 2016, GeM facilitates online purchases for government agencies, with defense sector buyers procuring goods and services like missile parts. GeM is considering expanding to include works contracts and opening the portal to consumers.

Soaring imports to push current account deficit to 1.9% this fiscal year : Report : Rashtra News Following the record USD 23.27 billion trade deficit in November, a foreign brokerage has increased its current account deficit (CAD) forecast to 1.9 per cent of GDP at USD 60 billion for 2021-22 as compared to USD 45