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    August 1, 2026
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    August 1, 2026
    India and Rwanda Hold First Joint Trade Committee Meeting to Deepen Bilateral Trade and Investment Cooperation
    Show AI Summary
    Bilateral trade cooperation expands through a Joint Trade Committee covering investment, critical minerals, healthcare, digital technologies and market access.
    Bilateral trade and investment cooperation between India and Rwanda is to be advanced through a structured Joint Trade Committee mechanism for reviewing commerce, diversifying trade, promoting investment, facilitating business engagement and addressing market-access and logistical issues. Priority cooperation includes critical minerals, pharmaceuticals and healthcare, agriculture and agro-processing, standards harmonisation, digital public infrastructure, fintech, cybersecurity, green mobility and renewable energy. Investment focal points will support engagement, while capacity-building assistance and close monitoring of the Agreed Minutes are intended to support time-bound implementation.
    August 1, 2026
    West Bengal GST collection rises 2 pc in July to Rs 5,564 crore
    Show AI Summary
    GST collection growth in West Bengal continued year-on-year in July but remained below the national growth trend.
    West Bengal's July GST collection increased year-on-year and over the preceding month, marking a second consecutive month of annual growth. Official data also indicated that the State's annual growth rate was below the national trend, while gross domestic GST revenue excluding imports and overall gross GST collections including import-related taxes rose nationally during July.
    August 1, 2026
    Gross GST collection kitty swells 15.4 pc to over Rs 2.11 lakh cr in July
    Show AI Summary
    GST collection growth reflects higher revenue mobilisation from domestic transactions and imports, with refunds adjusted in net revenue.
    Goods and Services Tax collections increased in July, driven by higher revenue from domestic transactions and imports. The gross collection comprised Central GST, State GST and Integrated GST components. Refunds also increased during the month, and net GST revenue was determined after adjustment of refund outflows from gross tax receipts.
    August 1, 2026
    RBI says USD 40.82 bn mobilised under forex swap facility till Jul 31
    Show AI Summary
    Concessional foreign-exchange swaps encourage bank deposits and foreign borrowings to strengthen balance-of-payments resilience and foreign-exchange liquidity.
    The Reserve Bank of India introduced a concessional foreign-exchange swap facility to encourage foreign-currency inflows, strengthen the balance of payments and support foreign-exchange liquidity. The facility applies to fresh Foreign Currency Non-Resident (Bank) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings. Foreign Currency Non-Resident (Bank) deposits constitute the principal source of inflows mobilised under the arrangement. The facility is available for specified time-bound periods, with a later availability period for Overseas Foreign Currency Borrowings and External Commercial Borrowings.
    August 1, 2026
    Sebi bars ZEEL for 2 months, Subhash Chandra, Punit Goenka for 1 year in Hyderabad land pledge case
    Show AI Summary
    Unauthorised pledge of listed-company land triggered securities-market bars for disclosure failures and misuse of management authority.
    Unauthorised pledge of ZEEL's Hyderabad land as security for loans obtained by promoter-linked entities was treated as a related-party transaction lacking prior audit committee approval. ZEEL failed to disclose the land's deployment in its financial statements. Its Chairman Emeritus was stated to have transferred title deeds by falsely representing management approval and to have concealed the transaction's nature. Securities-market prohibitions and monetary penalties were imposed with immediate effect.
    August 1, 2026
    Department of Commerce Holds Workshop on Trade and Sustainable Development Policy Landscape
    Show AI Summary
    Trade and sustainable development policy integrates carbon regulation, sustainability standards and domestic frameworks to strengthen trade competitiveness and preparedness.
    Trade and Sustainable Development policy was examined in relation to international trade disciplines, sustainability regulation and India's trade strategy. Discussions considered carbon markets, carbon pricing, carbon border adjustment measures, sustainability standards and regulatory cooperation, and their implications for trade and industrial competitiveness. Domestic mechanisms, including the Carbon Credit Trading Scheme, Indian Carbon Market, Extended Producer Responsibility framework, and accreditation and conformity assessment systems, were considered for strengthening preparedness for emerging sustainability-related trade disciplines.
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    Show AI Summary
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    Show AI Summary
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    Strategic trade controls governing dual-use exports require Indian exports of dual-use items and technologies to comply with national law and India's international obligations. The stated framework applies to exports to various countries. In response to allegations concerning supplies to Israel, the position notes calls for an arms embargo covering direct or indirect transfers of arms and military material, including weapons, ammunition, parts and components, without determining the underlying allegations.
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    A greenfield international airport is being developed under a Public-Private Partnership and Design, Build, Finance, Operate and Transfer framework, with airport, aviation-hub, education and supporting infrastructure components. The airport has obtained an aerodrome licence and required safety, fire and environmental clearances. Passenger, airfield and terminal systems are designed for domestic and international operations. A cargo terminal with cold-chain facilities and integration with port, industrial-corridor and logistics networks are intended to strengthen exports and air-cargo logistics. Recycled-water use and LEED Platinum development standards form part of its environmental measures.
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    Money-laundering proceedings linked to alleged diversion of homebuyer funds are challenged on the ground that no scheduled offence or criminal intent is attributable to the petitioner. The petitioner relies on his asserted exoneration in two predicate FIRs, where charge sheets did not name him, and settlement of the remaining FIR. Notice was issued for a response and status report, and the petitioner undertook to cooperate with the investigation.
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    Rupee appreciation against the US dollar was linked to sustained foreign capital inflows and Reserve Bank support through dollar selling. Higher crude oil prices, a stronger US dollar and geopolitical tensions in West Asia constrained further gains. A slightly positive near-term rupee bias was associated with softer dollar conditions, dovish US monetary expectations, favourable global markets and improved foreign inflows, while geopolitical risks remained relevant. Domestic equity indices rose, foreign-exchange reserves increased, and fiscal-deficit data showed the central government's position against its full-year target.
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    PM Modi, UK PM Burnham commit to harnessing full potential of mega trade deal
    Show AI Summary
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    The India-UK Comprehensive Economic and Trade Agreement provides zero-duty market access in the UK for nearly 99 per cent of India's exports and is intended to expand bilateral trade and investment opportunities. The governments committed to maximise its benefits through the Comprehensive Strategic Partnership, including cooperation on technology, innovation, security, clean energy, education and people-to-people links. Advanced technology collaboration, including artificial intelligence, is also contemplated.
    July 31, 2026
    ITC Q1 profit declines 15.6 pc to Rs 4,508.79 cr; non-cigarette FMCG posts robust growth
    Show AI Summary
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    July 31, 2026
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    Show AI Summary
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    July 31, 2026
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    Show AI Summary
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      Home› news › Budget › 2015 › February, 2015 › This
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      Budget

      REVENUE RECEIPTS

      February 28, 2015

      Contents
      Summary
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      RECEIPTS

       

      2013-2014

      2014-2015

      2014-2015

      2015-2016

      Actuals @

      Budget Estimates

      Revised Estimates

      Budget Estimates

      REVENUE RECEIPTS

       

       

       

       

      1. Tax Revenue

       

       

       

       

      Gross Tax Revenue

      1138734

      1364524

      1251391

      1449490

      Corporation Tax

      394678

      451005

      426079

      470628

      Taxes on Income

      242857

      284266

      278599

      327367

      Wealth Tax

      1008

      950

      950

      ...

      Customs

      172085

      201819

      188713

      208336

      Union Excise Duties

      170198

      207110

      185480

      229808

      Service Tax

      154778

      215973

      168132

      209774

      Taxes on Union Territories

      3130

      3401

      3438

      3577

      Less - NCCD transferred to the National Calamity Contigency Fund/National Disaster Response Fund

      4650

      5050

      5120

      5690

      Less - State's share

      318230

      382216

      337808

      523958

      Centre's Net Tax Revenue

      815854

      977258

      908463

      919842

      2. Non-Tax Revenue

       

       

       

       

      Interest receipts

      21868

      19751

      22166

      23600

      Dividend and Profits

      90435

      90229

      88781

      100651

      External Grants

      3618

      2405

      2811

      1774

      Other Non Tax Revenue

      81475

      99009

      102830

      94413

      Receipts of Union Territories

      1474

      1111

      1243

      1296

      Total Non Tax Revenue

      198870

      212505

      217831

      221733

      Total Revenue Receipts

      1014724

      1189763

      1126294

      1141575

      3. Capital Receipts

       

       

       

       

      A. Non-debt Receipts

       

       

       

       

      1. Recoveries of loans and advances@

      12497

      10527

      10886

      10753

      2. Miscellaneous Capital Receipts

      29368

      63425

      31350

      69500

      Total

      41865

      73952

      42236

      80253

      B. Debt Receipts*

       

       

       

       

      3. Market Loans

      453551

      461205

      446922

      456405

      4. Short term borrowings

      7729

      34553

      51169

      30063

      5. External Assistance (Net)

      7292

      5734

      9705

      11173

      6. Securities issued against Small Savings

      12357

      8229

      33276

      22408

      7. State Provident Fund (Net)

      9753

      12000

      10000

      10000

      8. Other Receipts (Net)

      31348

      -7704

      -22773

      13559

      Total

      522029

      514017

      528299

      543608

      Total Capital Receipts (A+B)

      563894

      587969

      570535

      623861

      4. DRAW-DOWN OF CASH BALANCE

      -19171

      17160

      -15671

      12041

      Total Receipts (1+2+3+4)

      1559447

      1794892

      1681158

      1777477

      Financing of Fiscal Deficit (3B+4)

      502858

      531177

      512628

      555649

      Receipts under MSS (Net)

      ...

      20000

      ...

      20000

      @ excludes recoveries of short-term loans and advances from States, loans to Government servants, etc.

      12052

      12290

      13697

      11961

      * The receipts are net of repayments.

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