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Latest Articles in revenues

Reliance Industries Plans $6 Billion Investment To Monetise Gas Finds

Investment of Rs 40,000 crore in the development of the fields is expected to produce 30-35 million cubic meters of gas a day (mmscmd) by year 2020-2022.

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Fiscal Deficit Above 2016-17 Target In 11 Months To February

India's fiscal deficit in the first 11 months to February was Rs 6.06 trillion, or 113.4 per cent of the budgeted target for the fiscal year ending in March 2017

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GST Council Clears Law To Compensate States For Revenue Loss, Says FM Arun Jaitley

Inching towards rolling out of GST, the GST Council on Saturday approved a law to compensate states for any loss of revenue from the implementation of the new national sales tax but deferred approval for enabling laws to next meeting

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Lack Of Revenue Growth Curtails Stimulus Package

The market reacted positively as expectations of negative changes in long term capital gains tax did not come through and the government showed a lower fiscal deficit number than expectations

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Subsidy Bill Up Over 3% At Rs 2.4 Lakh Crore In 2017-18

Subsidies on food, fertiliser and petroleum have been pegged higher by over 3 per cent to more than Rs 2.4 lakh crore for 2017-18

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Govt To Borrow Rs 3.5 Lakh Crore In FY18

The government will borrow Rs 3.5 lakh crore from the market in 2017-18, around Rs 75,000 crore lower than the the current fiscal

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Budget 2017-18 May Look To Soften Note Ban Woes By Tax Relief

Finance Minister Arun Jaitley will on Wednesday present his fourth and perhaps the most challenging Budget that may look to soften blow of currency ban with tax and other sops as he seeks to revive growth

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Accounting And Accountability To Go Hand In Hand, Says Suresh Prabhu

Railway Minister Suresh Prabhu on Tuesday said accounting reforms will help reveal the true picture of railways and go hand-in-hand with accountability to have a huge impact on productivity

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FM Arun Jaitley Bats For Outsourcing Of Railways' Non-core Functions

Weeks before he presents India's first combined general and railway budget, Finance Minister Arun Jaitley on Tuesday made a strong case for outsourcing of non-core functions like hospitality services of Indian Railways and pressed for a transparent accounting system

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Budget To Focus On Higher Spending To Boost Economy, Says Arun Jaitley

Finance Minister of India Arun Jaitley on Saturday said infrastructure investment needs a booster and his next Budget in February will focus on encouraging more public as well as private spending to boost economic growth

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Deferred Consumption To Affect State Govts' Tax Revenues, Says Icra

With consumption being affected by the demonetisation of higher currency old notes, tax revenues of the state governments for the current financial year is likely to be weaker than budgeted, according to Icra

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Declining Freight Revenue Worries Railways

It remains to be seen that with challenging revenue generation capabilities and ambitious programmes of modernizing over 400 railway stations and starting high-speed trains, how railways will be able to generate cash and resources

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RBI Pores Over Budget, Worries On Fiscal Math

Some Reserve Bank of India officials are worried that a populist budget could put the onus of driving growth on them but limit their ability to respond through big rate cuts this year

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Prabhu Delivers Customer Friendly Railway Budget

Railway Minister Suresh Prabhu says the railway would need to cut costs, grow its freight business which provides two-thirds of its revenue and target new sources of non-tariff revenue through measures such as redeveloping train stations

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Indian Railways To Target Freight Business Revival: Suresh Prabhu

Presenting the annual rail budget for 2016-17, the Railway Minister says the freight business is struggling as capacity constraints bite and industrial demand slows

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