The Government of India has consolidated its monthly accounts for the financial year 2025-26 up to October, revealing total receipts of ₹18,00,475 crore, representing 51.5% of the Budget Estimates (BE) for the year. Tax revenue netted ₹12,74,301 crore, while non-tax revenue contributed ₹4,89,079 crore. Additionally, non-debt capital receipts amounted to…
Tag: #EconomicGrowth
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NPG Reviews Key Rail Projects under PM GatiShakti Plan
The 103rd meeting of the Network Planning Group (NPG) was held today to evaluate major infrastructure projects under the PM GatiShakti National Master Plan (PMGS NMP). The meeting focused on improving multimodal connectivity, logistics efficiency, and the socio-economic impact of strategic rail corridors. Railway Projects Evaluated During the session, NPG…
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Lok Sabha Speaker Praises GST, Women in Politics
Lok Sabha Speaker Shri Om Birla today emphasized that reforms in direct and indirect taxation, along with the “One Nation, One Tax” GST framework, have simplified and made India’s tax system more transparent, contributing significantly to national growth and prosperity. Speaking at the Parliament House Complex, he addressed Officer Trainees…
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Vice-President Reviews MSME Ministry’s Key Achievements
The Vice-President of India, Shri C. P. Radhakrishnan, was briefed today by the Ministry of Micro, Small and Medium Enterprises (MSME) on the sector’s key achievements, its critical importance to India’s economy, and ongoing initiatives aimed at strengthening grassroots entrepreneurship. The meeting took place at Parliament House, where Union MSME…
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Khelo India University Games 2025 Begin in Rajasthan Tomorrow
The fifth edition of the Khelo India University Games (KIUG) is set to begin in Rajasthan tomorrow, marking a new milestone for India’s rapidly evolving university sports ecosystem. On the eve of the event, Union Minister for Youth Affairs and Sports Dr. Mansukh Mandaviya praised the dedication and perseverance of…
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India Eyes Bigger Banks via Mergers: FM Sitharaman
Mumbai, Nov 6: Finance Minister Nirmala Sitharaman announced that India is working towards creating more “big banks” by consolidating state-owned lenders and enhancing financial resilience through reforms. Speaking at a public event, she said that the government has already begun discussions with the Reserve Bank of India (RBI) and public…
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India’s Democratic Strength Driving Global Investment: Om Birla
Lok Sabha Speaker Shri Om Birla emphasized that the world’s growing interest in investing in India is deeply rooted in the country’s strong democratic foundations and visionary leadership. Speaking at the 125th anniversary of the Bharat Chamber of Commerce in Kolkata, he said India’s rapid economic and technological rise under…
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GST Revenue Up 4.6% to ₹1.96T Despite Tax Cuts
India’s Goods and Services Tax (GST) collections grew 4.6% year-on-year to ₹1.96 trillion in October 2025, reflecting strong domestic demand despite the recent tax cuts announced by the GST Council. This moderate growth indicates resilience in consumption, especially during the festive season. Festive Demand Fuels Collection Growth The finance ministry…
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Indian Households Pile on Debt Faster Than Assets: RBI Data
New Delhi: Reserve Bank of India (RBI) data show Indian households have been accumulating financial liabilities far faster than financial assets since 2019-20. Between 2019 and 2025, fresh financial assets added annually rose by 48%, while new household liabilities surged by 102% a divergence that carries implications for savings behaviour,…
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Manufacturing Drives India’s 4% Growth in Sept
India’s Index of Industrial Production (IIP) registered a steady 4.0% year-on-year growth in September 2025, according to the latest data released by the Ministry of Statistics and Programme Implementation (MOSPI). The growth was largely driven by a robust performance in the manufacturing sector, which recorded a 4.8% expansion, while mining…