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Finance Minister Nicola Willis has warned the Government could struggle to meet the surplus forecast for the 2027 year , a goal included in its pre-election...
Mizoram CM Lalduhoma presented the first annual budget of the Zoram People's Movement government with an outlay of Rs 14,412.12 crore for 2024-25. The focus is on fiscal health, reducing public debt, consolidation, and projects fully funded by the Centre. No new taxes proposed.
The average new additions in the third quarter of the fiscal were still lower than in the first half of the year, given the easing of economic activity. Experts estimate that growth likely eased below 7% in Q3FY24, compared with 7.7% average for the first half of the year.
Though GST numbers look good, at some point, the 53rd meeting of GST Council will have to look at harmonising and streamlining rates and bringing in more products into GST. Since average GST rates are unlikely to increase, higher revenue will be through enforcement and administrative efficiency.
The BJP has declared donations of nearly Rs 720 crore in 2022-23, which was more than five times the aggregate amount received by four other national parties -- the Congress, AAP, CPI-M, and National People's Party, according to the Association for Democratic Reforms (ADR). The total donations (above Rs 20,000) declared by national parties for the 2022-23 fiscal was Rs 850.438 crore from 12,167 donations, data compiled by the ADR showed on Wednesday.