Stay updated with the latest fiscal-year news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on fiscal-year topics.
New Delhi: The India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA), which completed four years on Thursday since it was first signed, has played a key role in propelling India's exports and enhancing trade between the two countries. The agreement, signed on April 2, 2022, has created new opportunities for businesses, entrepreneurs, and employment in both countries over the last four years. India's exports to Australia have more than doubled, rising from $4 billion in FY 202 ...Read More >
BHUBANESWAR: Odisha Police reached a little over 55 per cent of its programme expenditure target in the 2025-26 financial year, with major police reforms and infrastructure projects reporting critically low spending. Some expenditure heads saw last-minute rush in funds utilisation. While expenditure on police buildings, barracks and surveillance equipment was significantly below par by the year-end, the wireless equipment spending zoomed in March - from Rs 1.82 crore in February-end to Rs 26.99 ...Read More >
New Delhi [India], April 3 (ANI): Wholesale volume prints for the month of March 2026 came in healthy, as passenger vehicle (PV) & Tractor space outperformed. A steady growth trend was witnessed in the two-wheeler (2W) and commercial vehicle (CV) space. "OEM wholesale sales volume for March 2026 came in healthy with PV & Tractors segments outperforming peers," according to an ICICI Direct Research report. It further noted that "FY26 ends on a high note with healthy growth across all vehicle cat ...Read More >
BENGALURU: Along with the rising mercury this summer, the political heat, too, in the state is going north ahead of the April 9 bypolls to Davanagere South and Bagalkot Assembly constituencies. While the Ruling Congress is banking on its five guarantee schemes to retain the seats, the Opposition BJP is targeting the Grand Old Party, accusing it of emptying the state's exchequer by borrowing. "This government has pushed the state into a debt trap. People do not believe your (Congress) futile at ...Read More >
Vijayawada: Despite a sharp rise in liquor sales in the state during the 2025-26 financial year, the state government's overall revenue growth remained marginal, falling short of expectations, according to official data. Between April 1 and March 31, total liquor sales witnessed significant growth, particularly in beer and Indian Made Liquor (IML). IML sales increased from 362 lakh cases to 414 lakh cases, registering a 14.59 per cent rise, while beer sales jumped steeply from 136 lakh cases t ...Read More >
Hyderabad: The Transport Department has announced that it has generated total revenue of Rs 7097.38 crore during the financial year 2025-26. The department has recorded a growth rate of 2.70 per cent compared to the previous financial year 2024-25. According to the officials, out of the total revenue target of Rs 8535 crore set for the period from April to December 2025-26, the department has achieved 83.16 per cent, amounting to Rs 7097.38 crore. The revenue generated during the financial yea ...Read More >
The RBI bank holiday calendar will be followed by all public and private sector banks, including SBI, PNB, BOI, HDFC, ICICI, Axis Bank and others. Check out the full list of bank holidays this week: I. March 30: The banks will observe a holiday due to Mahavir Jayanti in Karnataka. II. March 31: Banks in Ahmedabad, Maharashtra, Madhya Pradesh, Tamil Nadu, Rajasthan, Uttar Pradesh, West Bengal, New Delhi, Bihar, and Jharkhand will observe a holiday due to Mahavir Janmakalyanak/Mahavir Jayanti. ...Read More >
New Delhi (ABC Live): India's latest defence export milestone has been verified. India's Defence Exports in FY 2025-26 rose to ₹38,424 crore, up from ₹23,622 crore in FY 2024-25. That is an increase of ₹14,802 crore, or 62.66%, in one year. The figures for India defence exports 2025-26 mark an all-time high for the country. Officially, this is the highest annual defence export figure India has recorded. The key official source is the PIB release of 2 April 2026. For the previous-year base, see t ...Read More >
MUMBAI: Even as debt and fiscal deficit rose sharply in the last two years, Maharashtra's revenue in FY25-26 fell significantly across key heads -- Goods and Services Tax (GST), excise duty, motor vehicle tax, and stamp duty and registration of properties. This led to a revenue shortfall of around ₹41,000 crore against budget estimates, slowing capital expenditure and development projects. Provisional figures at the end of the financial year put total revenue receipts at ₹5.60 lakh crore, falli ...Read More >
New Delhi: In line with PM Modi's vision to position India among the world's top defence exporters, the country's military exports have touched an all-time high of Rs 38,424 crore in the financial year (FY) 2025-26, marking a sharp 62.7 per cent rise over the previous fiscal year's figure of Rs 23,622 crore.Lauding the exemplary performance of the department of defence production, Indian exporters and other stakeholders, defence minister Rajnath Singh said India is scripting an impressive defenc ...Read More >
Jammu- The UT government on Thursday introduced two bills in the legislative assembly aimed at decriminalising certain offences to ease doing business and paving the way for private universities in Jammu & Kashmir. Chief Minister Omar Abdullah introduced a bill to amend various enactments, seeking to decriminalise and rationalise offences for "ease of living and ease of doing business", and to repeal certain outdated provisions. Education Minister Sakeena Itoo tabled a separate bill proposing ...Read More >
Ahmedabad: With a fast-rising presence of IFSC banking units (IBUs) in GIFT IFSC, the size of the banking assets has increased sevenfold in five years, according to data by GIFT City. The country's first International Financial Services Centre at Gujarat International Finance Tec-City (GIFT City) saw banking assets crossing $106.7 billion as of Feb 2026, marking a sevenfold jump from $14 billion in Sep 2020.A key infrastructure boost came with the launch of the foreign currency settlement system ...Read More >
The automotive business accounts for 40% of the company's revenue, and it is now sharpening its focus on lightweighting and NVH solutions, aligning with India's shift to electric mobility Germany-based Freudenberg Group's Indian arm is sharpening its focus on the electric mobility transition, with strategic emphasis on lightweighting and advanced noise, vibration and harshness (NVH) solutions. This move aligns with the Indian auto industry's transition towards new energy vehicles (NEVs). Freud ...Read More >
The Union government has released ₹332.46 crore as a 15th Finance Commission grant for the 2025-26 financial year to rural local bodies in Punjab. The grant has been released for 13,231 eligible gram panchayats, 150 block panchayats, and 22 zila parishads to strengthen rural governance in the state. The second instalment of the 15th Finance Commission tied grant for the financial year was released on March 27, according to the Union ministry of panchayati raj. The tied grants can be used for ...Read More >
Hyderabad: Telangana has recorded a robust growth in revenue collections from four key departments during the financial year 2025-26 ending March 31, with commercial taxes, excise, stamps and registrations, and transport departments together generating ₹1.57 lakh crore.The commercial taxes department emerged as the top contributor with collections of ₹93,840 crore, followed by the excise department at ₹40,209 crore, stamps and registrations at ₹16,000 crore, and the transport department at ₹7,10 ...Read More >
South Central Railway (SCR) has recorded a highest-ever revenue of ₹21,211.92 crore for the financial year 2025-26, marking the best performance since the zone's inception, according to an official announcement on Wednesday. The total earnings include ₹13,835.27 crore from freight traffic and ₹6,235.37 crore from the passenger segment. Compared with the previous financial year (2024-25), the revenue reflects a 3.12% growth, making it the fourth consecutive year of record earnings for the z ...Read More >
Mumbai: The Indian rupee appreciated 173 paise on Thursday, its best single-day gain in 13 years, after fresh steps by the Reserve Bank of India (RBI) aimed at curbing speculative activity boosted sentiment in the currency market. The rupee's appreciation came even as crude oil prices rose over 5 per cent during the day after US President Donald Trump vowed to strike Iran very hard over the coming two to three weeks, renewing prolonged oil supply disruption risks. At the interbank foreign excha ...Read More >
New Delhi, Apr 2 (PTI) The overall liabilities of the Union government increased during 2024-25 mainly due to an increase in public debt, CAG said in a report on Thursday. "Internal debt and external debt increased by 8.35 per cent and 9.83 per cent, respectively, compared to 2023-24. At the end of FY 2024-25, internal debt stood at Rs 1,59,25,949 crore and Market loans, its primary component, accounted for 69.96 per cent of the total internal debt," CAG report tabled in Parliament said. Capit ...Read More >
Visakhapatnam: The Visakhapatnam Port Authority has achieved a historic milestone by recording its highest-ever cargo throughput of 91.17 million metric tonnes in the financial year 2025-26. This represents a growth of over 10 per cent compared to the previous year. The achievement not only surpasses the prior record of 82.62mmt but also reinforces the port's position among India's leading ports, marking another significant milestone in its 92-year history, according to VPA chairperson, M Anga ...Read More >
Vijayawada (Andhra Pradesh), Apr 2 (PTI) The Vijayawada Division of the South Central Railway has recorded its highest-ever gross revenue of Rs 5,907.20 crore along with record freight loading of over 40.6 MT during the financial year 2025-26. Vijayawada Divisional Railway Manager (DRM) Mohit Sonakiya noted that passenger revenue stood at Rs 1,523.90 crore, registering a growth of 9.9 per cent, while the Division transported over 74.1 million passengers. "Vijayawada Division achieved its highe ...Read More >
Bengaluru, Apr 2 (PTI) Karnataka has achieved a significant milestone in grassroots governance, with 5,943 gram panchayats across the state recording higher tax collection and revenue realisation in 2025-26 compared to the previous financial year, Minister Priyank Kharge said on Thursday. The Department of Rural Development and Panchayat Raj reported total tax collections of Rs 1,382.57 crore in 2025-26, marking an increase of Rs 110.04 crore over Rs 1,272.54 crore collected in 2024-25, the min ...Read More >
Patna, Apr 2 (PTI) The commercial taxes department of Bihar recorded revenues worth Rs 43,324 crore in the 2025-26 financial year, achieving 93.17 per cent of the target of Rs 46,500 crore, a senior official said on Thursday. The collection was 4.09 per cent more than the figure in 2024-25, he said. Secretary-cum-Commissioner of the department, Sanjay Kumar Singh, said it collected Rs 32,801 crore as GST in 2025-26, an increase of 11.67 per cent year-on-year. "However, after the deduction of ...Read More >
Patna, Apr 2 (PTI) The commercial taxes department of Bihar recorded revenues worth Rs 43,324 crore in the 2025-26 financial year, achieving 93.17 per cent of the target of Rs 46,500 crore, a senior official said on Thursday. The collection was 4.09 per cent more than the figure in 2024-25, he said. Secretary-cum-Commissioner of the department, Sanjay Kumar Singh, said it collected Rs 32,801 crore as GST in 2025-26, an increase of 11.67 per cent year-on-year. "However, after the deduction of ...Read More >
Chennai, Apr 2 (PTI) DMK Youth Wing Secretary Udhayanidhi Stalin on Thursday filed his nomination papers for the April 23 Assembly elections from the Chepauk-Thiruvallikeni constituency, seeking a second consecutive term. The Deputy Chief Minister has declared total family assets worth over Rs 33 crore in his election affidavit. The 48-year-old DMK scion arrived at the venue following a massive roadshow that saw thousands of party cadres and supporters lining the streets. Accompanied by senio ...Read More >
NELLORE: The Nellore Municipal Corporation has recorded its highest-ever property tax collection of Rs 101 crore for the financial year 2025-26, commissioner Y.O. Nandan said on Thursday. Addressing the media at the Command Control Centre, the commissioner said the civic body has steadily improved its revenue performance over the past three years, with collections rising from ₹74 crore in 2023-24 to Rs 86 crore in 2024-25. In addition, the Corporation collected ₹12 crore as vacant land tax and ...Read More >
New Delhi, Apr 2: Steel Authority of India Ltd (SAIL), the largest steel-making public sector company, on Thursday said its sales grew by 11.5 per cent to 20.14 Million Tonnes (MT) in FY'26. The company's crude steel output was at 19.43 MT, and saleable steel production was at 19.176 MT during the financial year 2025-26. Record sales driven by broad-based growth "Strengthening its brand presence and customer reach, the company recorded best-ever sales of 20.14 Million Tonnes (MT), reflecting a ...Read More >
The benefit, however, is tightly targeted ShowQuick Read Summary is AI-generated, newsroom-reviewed * HRA exemption cap of 50% extends to cities like Hyderabad, Pune, Ahmedabad, Bengaluru from April 1 * The change benefits salaried employees under the old tax regime paying high rents in these cities * Exemption is the lowest of actual HRA, rent minus 10% of salary, or 50%/40% of salary by city Did our AI summary help? Let us know. Switch To Beeps Mode A major income tax shift is set to ...Read More >
Hyderabad: In a significant milestone, the Telangana Mineral Development Corporation Limited generated a record revenue of Rs 1,008 crore in the financial year 2025-26, according to data released on Thursday, April 2. Compared to last financial year's revenue, Rs 738 crore, this year saw an increase of 36 per cent in revenue generation. "This achievement is the result of a series of strategic measures and effective implementation of policy initiatives undertaken by TGMDCL," the corporation sai ...Read More >
VIJAYAWADA: Andhra Pradesh recorded a 6.11 per cent rise in liquor sales value in 2025-26, though overall revenue growth remained marginal. The total sales value increased to '31,237 crore from '29,440 crore. Sales of both Indian Made Liquor (IML) and beer registered significant growth. Despite higher volumes, total revenue rose by only 0.68 per cent, reflecting the impact of pricing changes and reduced contributions from other revenue streams. Year-to-date data from April 1 to March 31 shows ...Read More >
New Delhi, Apr 2 (UNI) The India-Australia Economic Cooperation and Trade Agreement (Ind-Aus ECTA) has emerged as a key pillar of bilateral engagement, delivering tangible benefits for businesses, MSMEs, workers, and consumers in both countries, according to a Ministry of Commerce statement here on Thursday. Marking four years since its signing today, this pact is an important milestone in the evolving economic partnership between India and Australia. Since the beginning of the Ind-Aus ECTA in ...Read More >
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