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Tamil Nadu’s revenue, fiscal deficits understated in 2018-19: CAG

There was a total expenditure of ₹1.34 crore without appropriation by legislature Tamil Nadu’s revenue deficit of ₹23,459.44 crore during 2018-19 was understated by ₹3,757.23 crore and fiscal deficit by ₹1,300.49 crore primarily owing to short transfers totalling ₹1,366 crore towards various reserve funds, such as sinking fund and guarantee redemption fund, according to the Comptroller and Auditor-General’s report on ...

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Net direct tax receipts rise 5%

FY21 collections exceed estimates at ₹9.45 lakh cr.; ‘fiscal deficit may be lower’ India’s net direct tax collections for the pandemic-hit financial year 2020-21 grew by almost 5% year-on-year to ₹9.45 lakh crore, exceeding the revised estimates of ₹9.05 lakh crore presented in the Union Budget and reflecting a gradual economic recovery in recent months. Tax experts said that the ...

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Apollo Hospitals’ Q3 net rises 12%, revenue drops

Apollo Hospitals Enterprise Ltd. (AHEL) reported standalone net profit for the third quarter ended December rose 12% to ₹106 crore from the year-earlier period. Revenue from operations contracted 6.4% to ₹2,367 crore, the company said in a regulatory filing. For the nine months ended December, revenue from operations shrank 6.6% to ₹6,743 crore. It recorded a loss of ₹10.37 lakh ...

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