Search result for 'revenue shortfall'

Pakistan and the IMF reach a staff-level agreement for a USD 1.2 billion loan. Approval pending from the IMF Executive Board.

UBL CEO Vivek Gupta expects 6-7% volume growth, premiumisation, and GST reforms to boost alcoholic beverage consumption.

Supreme Court sets 3-year deadline to clear Rs 27,200 cr power dues to Delhi discoms. Impact on consumers & regulatory assets.

India's government expects to meet its budget deficit target for 2025-26, with no revenue shortfall foreseen. Details on state finances, bank staffing, and insurance claim settlements are also...

CAG report reveals Maharashtra excise department's serious lapses leading to a massive revenue loss of several crore rupees due to incorrect assessments, fee implementation failures, and delayed...

Punjab's finance minister urges GST reform, highlighting revenue losses and proposing solutions like including food grains under GST and addressing inverted duty structures.

PwC India report suggests GST simplification, reducing tax slabs to three, and including petro-products under GST to boost economic growth and improve compliance.

The World Bank has lowered India's economic growth forecast for the current fiscal year to 6.3% due to global economic weakness and policy uncertainty.

India's government plans to raise Rs 8 lakh crore through dated securities in the first half of FY26 to fund the revenue gap. Learn more about the borrowing plans and fiscal deficit projections.

PAC Chairman Venugopal expresses concerns over high airfares during peak seasons and increasing User Development Fee (UDF) at airports, urging DGCA to control fare spikes and calling for thorough...

The GST Council has reconstituted the Group of Ministers on GST revenue analysis with an expanded ToR, focusing on sector-specific issues, tax evasion, and revenue augmentation.

An IMF mission has begun a review of Pakistan's USD 7 billion loan, with the government optimistic about securing a USD 1.1 billion tranche.

AERA Chairperson refutes claims that user development fees (UDF) are the main factor driving high airfares in India. The regulator is reviewing Delhi airport's tariff proposal for FY2024-25 to...

The IMF has raised concerns about Pakistan's tax shortfall, delayed foreign loans, and inconsistencies in implementing the USD 7 billion loan package. The lender also flagged issues with Punjab's...

The IMF has raised concerns about Pakistan's tax shortfall, delayed foreign loans, and inconsistencies in the implementation of the USD 7 billion loan package.

India's government plans to raise Rs 6.61 lakh crore through dated securities in H2 of 2024-25 to fund the revenue gap and boost economic growth. The total borrowing target for the fiscal year...

A Group of Ministers (GoM) will be convened by Union Minister of State for Finance Pankaj Chaudhary to decide on the future of GST compensation cess, apportionment between Centre and states, and...

India's GST Council will meet on September 9 to discuss rate rationalization and compensation cess on luxury and sin goods. The Finance Minister has stated that a final decision will be taken later.

India's central government may repay Rs 2.69 lakh crore in loans taken to compensate states for GST revenue losses by November 2025, four months ahead of schedule. The repayment plan will be...

Global rating agencies view the RBI's Rs 2.1 lakh crore dividend as positive for India's fiscal metrics, but its usage will signal the new government's fiscal priorities. Learn more about the...

S&P Global Ratings says India could see improved credit rating if the government uses the record RBI dividend to reduce fiscal deficit. The dividend is a significant portion of GDP and could lead...

RBI Governor Shaktikanta Das highlights lower government borrowing to fuel growth and moderate inflation. This will free up capital for the private sector and ease inflationary pressures.

Finance Minister Nirmala Sitharaman details government measures to reduce India's debt burden, including increased capital expenditure, tax revenue buoyancy, and PM schemes like Mudra Yojana & Jan...

India's Finance Minister announced a proposed borrowing of Rs 14.13 lakh crore for FY25 to address revenue shortfall, lower than the previous year's estimate. Learn about the government's fiscal...