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Budget 2024: GDP growth-tax collections relationship is now complicated

The finance ministry makes its projections for next year s tax collections based on how fast it thinks the Indian economy will grow in nominal terms. But if the experience of 2023-24 is anything to go by, the relationship that existed between the two seems to have become more complicated and could present a challenge in crunching the numbers for the 2024-25 interim Budget ....

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Centre releases Rs 72,962 crore to states as tax devolution

This is the second double installment of tax devolution to states from the Centre for the year 2023-24, with the first coming in June 2023. ....

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