scorecardresearch
Saturday, August 16, 2025
TopicTax revenues

Topic: Tax revenues

India’s fiscal crisis can only get worse as tax revenue is seen dropping 12.5% in 2020-21

GST revenue collected this August was 12% lower than the amount last August, and the economy is only crawling back to life post the Covid-19 lockdown.

Budget 2020 is now useless. Modi govt must present a new one

Covid has ensured Modi govt won’t meet 20% growth in tax collection target. That would be a terrible assumption to make in a pandemic-hit economy.

India’s oil revenue loss in lockdown seen exceeding Rs 40,000 crore

Fuel consumption probably declined at least 80% in April, which would lead to a revenue loss of as much as Rs 400 billion, said economist Madan Sabnavis.

Curb on liquor sale: BJP-RSS conservatism or has medical reasons?

The liquor lobby in India has demanded that states allow the sale of alcohol outside the containment zones with strict social distancing guidelines in place.

It’s time to lower expectations from the economy, and not try to do too much in the Budget

India is paying the price for trying to do too much in past Budgets, and sectors that have been bled white, such as telecom and govt companies, are worst hit.

Modi Govt sees Rs 1.6 lakh cr tax shortfall, deficit 3.9% of GDP leaving fiscal hole

India simply doesn’t have the fiscal space for loan write-offs, cash payouts & higher food subsidy being promised during the election campaign.

Rahul Gandhi wants to win the south but Congress wants to divert funds to northern states

Congress leaders had slammed Modi government’s formula to share tax revenue based on population but manifesto vows to implement the same recommendation.

Brazil, Ethiopia & Kenya: A new wave of unlikely economic reformers

ThePrint takes a look at how some countries are implementing reforms and what the politics behind the agenda is.

India needs to fix the growing inequality between poorer east and richer south

Social sector spending by the poorer states remains lower than in the better-off ones. If they are to catch up, this is the opposite of what it should be.

Revenue loss from GST cuts may hamper government’s budget deficit goals

The GST Council cut taxes on 50 goods which will cut revenue by $2.2 billion every year.

On Camera

Nobel committee, note how Trump allowed Munir to make nuclear threat against India from US soil

So far, India has responded to his threats with a measured, diplomatic, strategic, and multi-dimensional approach. Now, it needs to react firmly.

Modi’s ‘Diwali bonanza’ for the common man—next-gen GST reforms, lower tax on daily-use items soon

Finance ministry says the proposed revamp will focus on structural reforms, rate rationalisation & ease of living, & will be deliberated upon in the coming weeks.

What is Project Sudarshan Chakra, announced by Modi from ramparts of Red Fort

The project is meant to be a ‘protective shield that will keep expanding’, the PM said. It is on the lines of the ‘Golden Dome’ announced by Trump, it is learnt.

War of IAF, PAF doctrines: As Pakistan obsesses over numbers, India embraces risk, wins

Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?