Taxes and borrowings make up the majority of the revenue while a significant portion of the expenditure is allocated to ...

The importance of local governments and municipal bodies particularly in developing economies is increasingly being recognized with rising aspirations of citizens. The nature of social and economic ...

M uch of the euphoria around the 2025-26 budget has to do with income tax. The government has , through a rebate and a ...

During the Mughal era, budgets were prepared by gathering information about land and its production to determine taxes, and ...

Budget 2025: Borrowings and Liabilities contribute the most to the budget’s revenue, making up 24% of the total. This is a slight drop from 27% last year. Income Tax ranks second, accounting for 22% ...

The Narendra Modi government plans to streamline the GST framework after making significant changes to personal income tax ...

Almost all finance ministers of India have faced the challenge of widening the country's tax net. While the debate over how few people pay income tax ... in additional revenue, there is a limit ...

The Goods and Services Tax (GST) has been a cornerstone of fiscal reform in India. The shift to GST ... GST provides a major source of fiscal revenue that supports various developmental and ...

India’s Union Budget 2025-26 revealed a significant reliance on borrowings, accounting for 24 per cent of the government’s ...

Here, we examine the key sources of revenue and the allocation of funds in the Union Budget presented by Finance Minister Nirmala Sitharaman this year.

Discover the stark differences between tax-free countries like the UAE and Kuwait, where citizens enjoy zero income taxes, ...

Budget, FM Sitharaman declares that no income tax would be payable up to annual income of Rs 12 lakh, announcing that the ...