Government Finances News - Latest Updates & Headlines
Indirect tax to rise by 8.3 pc, corporate tax by 10.4 pc in FY26: Report
New Delhi, February 6: The government's indirect tax collection is expected to increase by 8.3 pc in the financial year 2025-26 (FY26), according to a report by ICICI Bank.
Govt earns most from borrowings, spends major share of Budget on interest payments
New Delhi, February 2: India's Union Budget 2025-26 revealed a significant reliance on borrowings, accounting for 24 per cent of the government's income, followed closely by income tax, which contributes 22 per cent to the revenue.
Administrative system was corrupt during BRS regime: Telangana CM Revanth Reddy
Hyderabad, January 4: Telangana Chief Minister A Revanth Reddy has come down heavily on the previous Bharat Rashtra Samithi (BRS) government, alleging that its 10-year rule corrupted the entire administrative system.