Delhi: Gujarat ranks 7th among Indian states in terms of total outstanding liabilities, which have reached ₹4,67,464.40 crore as of 2024. Gujarat has seen a consistent rise in its fiscal liabilities over recent years. In March 2022, the state's liabilities were ₹3,88,582.80 crore. This increased to ₹4,21,018.20 crore by March 2023 and is projected to reach ₹4,67,464.40 crore by March 2024.  Detailed Breakdown of Outstanding Liabilities According to the Reserve Bank of India’s report...Read More

Delhi: The Ministry of Finance announced in a press release today that Direct Tax collections for the Financial Year (FY) 2024-25 have shown significant growth. As of 17th June 2024, Gross Direct Tax collections have reached Rs. 5,15,986 crore, which is 22.19% higher than the previous fiscal year. Net Direct Tax collections, which account for refunds, stand at Rs. 4,62,664 crore. This includes Corporation Tax (CIT) collections of Rs. 2,26,280 crore and Personal Income Tax (PIT) collections, i...Read More