bhagwat karad: Unclaimed deposits of Rs 35,012 crore with PSU banks transferred to RBI: MoS Finance Bhagwat Karad

2023-04-03 11:33:39 About Rs 35,000 crore unclaimed deposits as of February 2023 were transferred to the Reserve Bank by public sector banks (PSBs) in respect of deposits which have not been operated for 10 years or more, Parliament was informed on Monday. These unclaimed deposits belong to 10.24 crore accounts transferred to the Reserve Bank … Read more

Gross Direct Tax Collections: Net direct tax collections For FY 23 at Rs 16.61 lakh crore, exceeds RE by Rs 11,000 crore

2023-04-03 14:12:40 The Centre has exceeded the revised Direct tax target for the financial year 2022-23 by Rs 11,000 crore, on the back of a resilient economy, provisional data released on Monday suggested. The centre mopped up Rs 16.61 lakh crore as direct tax, net of refunds, marking a growth of 17.63%, provisional data released … Read more

States may be allowed to settle off-budget borrowings by FY27

The Centre is considering relaxing the borrowing norm for states to give them one more year till FY27 to bring their ‘off-budget’ borrowing within the annual budget by repaying such loans. Many states have already started the clean-up, helping reduce the consolidated off-budget borrowings of the states to ₹18,500 crore in FY23 from ₹67,000 crore … Read more

Direct Tax Collections: Net direct tax collections For FY 23 exceed estimates; grow at 17.63% to Rs 16.61 lakh cr – The Economic Times Video

India’s net direct tax collections surged by 17.63 per cent to Rs 16.61 lakh crore in the financial year 2022-23 (FY23), against Rs 14.12 lakh crore in the preceding financial year. The Budget Estimates (BE) for direct tax revenue in the Union Budget for FY23 were fixed at Rs 14.20 lakh crore which were revised … Read more

Niti Aayog: Budget should have focused more on asset monetisation, says Former Niti Aayog Vice Chairman Rajiv Kumar

Former Niti Aayog Vice Chairman Rajiv Kumar on Thursday said the Budget should have focused more on asset monetisation and privatisation, besides allocating more funds to the social sector schemes. Finance Mininster Nirmala Sitharaman presented the Union Budget 2023-24 in the Lok Sabha on February 1. Participating in a discussion on ‘Union Budget 2023 and … Read more

budget: Experts welcome Budget scheme on wetlands but stress on need for urgent efforts

Chennai-based ecologist Jayshree Vencatesan cannot but savour this moment, which has been years in the making. Back when she had identified wetland conservation as one of the areas that Care Earth, the nonprofit she cofounded, would be focusing on 23 years ago, people kept doling out advice — mainly unsolicited — about how she should … Read more