Currently, 41% of taxes collected by the Centre is devolved in installments among states during a fiscal year.

The National Assembly Joint Committees on Appropriations and the Presidential Economic Team have agreed that the economic ...

The money released will help finance states’ development and welfare-related expenditures, the Centre has said ...

Amid multiple headwinds and weak macroeconomic and microeconomic conditions, a sustained easing of banking system liquidity ...

The National Assembly has appraised the performance of the 2024 Budget and passed a damning verdict: there were huge ...

Jesons Industries IPO comprises of fresh issuance of equity shares worth Rs 300 crore, and an offer-for-sale of 94.6 lakh ...

India's federal government said on Friday it has released 1.73 trillion rupees ($20.13 billion) as tax devolution to states to boost capital spending, fund development and welfare expenditure.

Microsoft is one of the biggest spenders, followed closely by Google and AWS, Bloomberg Intelligence said. Its estimate of ...

The government may fall short of its capital expenditure (capex) target for the financial year 2025, according to a report by ...

Titus Okunrounmu, a former director of the CBN, has advised the federal government to only borrow for capital expenditure.