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Of every ₹100 that the Union government collects as tax, ₹10-11 is collected as cesses and surcharges, a trend unchanged since the pandemic year 2020-21. Also, the government spends ₹1-2 in collecting every ₹100 of tax; this is called the cost of collection. The amount collected as cesses and surcharges, along with the cost of…
Nirmala Sitharaman, minister of finance and corporate affairs (Image credits: ANI) NEW DELHI: India should leverage evolving global trade dynamics, such as greater protectionism, to accelerate its growth and enhance its presence in global trade, said the economic survey 2025, tabled in the parliament on Friday.The survey added that the proactive approach will help India…
