The GST compensation row is festering over the sum the Centre must borrow to bail out the states who have their hands full with the pandemic. Opposition ruled Kerala, which have been in the forefront...

Jharkhand has rejected the Centre’s proposal to take a loan to make up for its GST revenue shortfall, chief minister Hemant Soren told reporters after a meeting of the state cabinet in Ranchi la...

The fiscal deficit has touched 109.3 per cent of the annual target estimated in the budget during April-August. In absolute terms, the fiscal deficit was at Rs 8,70,347 crore. It stood at 78.7 per ce...

The Bengal government has decided to extend its austerity measures in the backdrop of the Covid pandemic till March 31, 2021, the decision revealing that the state’s own revenue generation has n...

The country’s fiscal deficit overshot the budgeted target for the current financial year within four months (April-July), mainly on account of the impact of lockdown on revenue collections. Acc...

The cash-strapped Jharkhand Mineral Area Development Authority has planned to construct a marketing complex and marriage halls to increase its revenue.  Marketing complex-cum-marriage halls have...

Moody’s Investors Service on Thursday cut its growth forecast for India for 2019-20 to 5.8 per cent from 6.2 per cent, saying the economy was experiencing a pronounced slowdown which was partly rela...

The GST collection for December fell short of the target set by the finance ministry even though it topped the Rs 1-lakh- crore mark for the second consecutive month with the December mop-up rising to...

A day after the Reserve Bank of India (RBI) took a step to improve liquidity for banks, the Union government chipped in by cutting its borrowing target for the second half of this year. The move will ...

The commerce ministry has lined up a revival package for exporters, which includes greater incentives on existing schemes, extension of the interest subsidy scheme, amnesty on loan defaults and sops f...