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Punjab govt tightens fiscal belt, tells depts to cut wasteful expenditure, maximise revenue

Strap: Administrative depts asked to set monthly, quarterly revenue targets, covering both tax, non-tax revenues; performance to be assessed quarterly; finance dept’s prior approval must for foreign travel, hiring of professional services, purchase of staff cars

In 2024-25, the Punjab government, led by CM Bhagwant Mann, had overshot its revenue deficit budget estimate of <span class='webrupee'>₹</span>23,198 crore by <span class='webrupee'>₹</span>5,487 crore, or approximately 24%, ending the financial years with <span class='webrupee'>₹</span>28,685 crore as per revised estimates. (ANI)
Published on Apr 24, 2025 07:44 AM IST
By, Chandigarh

Maharashtra expects to recover up to 3,000 crore from unrealised tax revenue under amnesty scheme

Most of the unrealised tax revenue stems from tax disputes with public sector undertakings (PSUs) of the central and state governments

Mumbai: Maharashtra Deputy Chief Minister Ajit Pawar arrives to attend the Budget session of Maharashtra Assembly, at Vidhan Bhavan, in Mumbai, Friday, March 21, 2025. (PTI Photo) (PTI03_21_2025_000321A) (PTI)
Published on Mar 22, 2025 08:40 AM IST

Maharashtra budget: State is owed 1.66 lakh crore in tax, non-tax revenue

Mumbai's Maharashtra government faces a record debt of ₹9.32 lakh crore while owed ₹1.66 lakh crore in unrealized tax and non-tax revenue.

Mumbai: Maharashtra Deputy Chief Minister Ajit Pawar arrives to attend the Budget session of the state Assembly, in Mumbai, Tuesday, March 11, 2025. (PTI Photo)(PTI03_11_2025_000274B) (PTI)
Published on Mar 12, 2025 08:28 AM IST

American woman living in Bengaluru talks about 'insane tax burden on Indians'

An American woman living in Bengaluru has suggested taxing non-resident Indians to reduce the burden on resident Indians.

An American woman has suggested taxing NRIs to transform India.(Pixabay)
Published on Mar 04, 2025 02:53 PM IST

Punjab’s tax revenue up due to govt efforts: Harpal Singh Cheema

Net collection from GST, excise, VAT, CST, and PSDT between April 2024 and February 2025 saw a 12.1% rise as compared to same period in 2023-24

Punjab finance minister Harpal Singh Cheema said this fiscal year has seen a continuation of the previous years’ trend, with a 13.4% growth rate in net GST, 14.4% rise in excise, 5.10% climb in VAT, 17% increase in CST, and 13.65% rise in PSDT up to February when compared to the same period in FY 2023-24 (HT File)
Published on Mar 03, 2025 07:14 AM IST
By, Chandigarh
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