Tax Revenue

Coronavirus Impact: US economy faces historic shock, with 16% joblessness possible, says Trump adviser

Lockdowns across the United States to curtail the spread of the novel coronavirus have hammered the economy, shuttering businesses and sending unemployment skyrocketing

India may face loss of Rs 12.1 lakh cr during lockdown; GDP growth likely to decline to 1.1% this financial year: SBI report

The revised fiscal deficit will be at 5.7 percent of GDP and after taking into account only the current extra-budgetary resources (EBR), the deficit rises to 6.6 percent of GDP.

Fiscal deficit touches 135.2% of budget estimate for 2019-20 at Rs 10.36 lakh cr till February-end: CGA

The government's fiscal deficit touched 135.2 percent of the full-year target at February-end mainly due to slower pace of revenue collections, according to an official data released on Tuesday

Fiscal deficit hits 132% of Budget Estimate for 2019-2020 at Rs 9.32 lakh crore till December end

The government's fiscal deficit touched 132.4 percent of the full-year target at December-end mainly due to slower pace of revenue collections, official data showed on Friday

GST collection in January likely to touch record Rs 1.15 lakh cr on efficient tax administration despite economic slowdown

The GST collection in December 2019 remained at Rs 1.03 lakh crore indicating a pick-up in consumption, which also slipped into slump mode.

Budget 2020: Policy relaxations and incentives will whip up investors’ appetite, help govt fast-track to clock $5 trillion mark

The next proposal that may top FM’s Budget speech must be the disinvestment in strategic PSUs and outright privatization of loss-making PSUs.

India may miss tax collection target for 2019-20 by Rs 2.5 lakh cr; it's time to junk DDT, reform personal income tax: SC Garg

The government had budgeted gross tax revenues of Rs 24.59 lakh crore.

Fiscal deficit hits 115% of Budget Estimate for 2019-20 at Rs 8.07 lakh cr till November-end

The country's fiscal deficit hit 114.8 percent of 2019-20 Budget Estimate at Rs 8.07 lakh crore at the end of November, official data showed on Tuesday

IMF calls for 'urgent' action by India to reverse economic slowdown; says govt has limited options to boost spending amid high debt levels

The IMF in October slashed its forecast for 2019 by nearly a full point to 6.1 percent, while cutting the outlook for 2020 to 7.0 percent.

India needs to keep fiscal deficit target; requires increased revenue mobilisation: IMF chief economist Gita Gopinath

India's consolidated deficit (the Centre and states combined) is the highest among the G20 nations, Gita Gopinath said.