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Reality check: Government to reduce budget by Sh350bn as taxes shrink

China s central bank drops hints at future bond trades, answering calls for muscular monetary action

Brazil Tax Collection Loses Steam in Hurdle to Reaching Key Budget Target

(Bloomberg) Brazil’s tax collection lost steam according to official data published Tuesday, an ominous sign for government efforts to hit a budget target that’s closely watched by investors.Most Read from BloombergTesla Stock in ‘No Man’s Land’ After 43% Rout Ahead of EarningsRay Dalio’s Famous Trade Is Sputtering, Investors BailingBillionaire Pinaults Fight to Pull Gucci Off the Discount Rack‘Mag Seven’ Roar as Tesla Jumps in Late Hours: Markets WrapTaylor Swift Is Proof That How We Critiqu

Direct tax collections top revised estimates

Net direct tax collections surge 17 7% YoY to Rs 19 58L cr in FY24

India s FY 2023-24 net direct tax collections of ₹19.58 lakh crore exceeded estimates, aiding fiscal deficit target achievement. Corporate and personal income tax growth contributed to the positive outcome.

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