Delhi government sources claimed there was an encouraging rise in revenue of the government in 2023-24, hence no loans are required from the Centre
The net tax collection for April-November stood at Rs 10.64 trillion, which is 23.4 per cent higher than the corresponding period of last year, the Ministry of Finance said
Inverted duty structure refers to taxation of inputs at higher rates than finished products that result in the build-up of credits and cascading costs
The state legislature's budget session is generally held in February-March every year
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Under the AKAM, more than 2 lakh events, and programmes have been organised in the last two years. The entire country participated in these events, the government said
The implementation of goods and services tax (GST) has led to increased tax buoyancy for the states," the report said
For 2023-24 (April-March), the Union Budget had pegged total tax collections at Rs 33.61 trillion, up 10.1 per cent from Rs 30.54 lakh crore in the previous year
"Budget that will be announced will just be a vote on account because we will be in election mode, and elections will happen during the coming summer", the FM said
Speaking at the CII Global Economic Policy Forum, Sitharaman said the country would be preparing for the Lok Sabha elections which are due in the summer of 2024
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A crucial decision government has to take is whether to stick to the FY23 expenditure level or top it this year
The Ministry of New and Renewable Energy will get Rs 7,507.5 crore for its various schemes
Parliamentary approval for Budget for 2023 was completed after LS passed the Finance Bill with a fresh amendment and RS gave its nod without any debate amid continuing din over the Adani issue
The Budget Estimates represent the government's wishes and ambitions regarding the money it wants to spend
The announcements were made in the state Budget to strengthen and increase power generation in the state so that the farmers and general consumers get an uninterrupted power supply