Sweet and salty: Centre’s cess and surcharge revenue up 111% in 5 years
The central government expects the total revenue from cess and surcharge for FY23 to be ₹3,55,320 crore, a drop of 22% compared to the previous financial year.
surcharge
March 2023
January 2022
July 2019
Funds to states way below 42%; why that hurts growth
Against the Finance Commission awards, Centre collects cess and surcharge but devolves less to states as share in fiscal resources.
Budget fine print drags markets down
Indices see biggest single-day fall in four years in first full trading day after the Union Budget was unveiled. The BSE Sensex closed 907 points lower, while NSE’s Nifty50 slipped 207 points.
