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india-fiscal-policy

CBDT Targets Rs 2.57 Lakh Crore in Tax Arrears

CBDT has identified its top 10,000 arrear cases, representing Rs 2.57 lakh crore in outstanding tax demand, as its primary collection target for FY27. The department will also track top advance-tax payers and scrutinise potential misuse of exemptions and deductions.

Cabinet Approves 2% Dearness Allowance Hike

India's Cabinet cleared a 2% Dearness Allowance hike for central government employees and pensioners, raising take-home pay amid elevated living costs. The adjustment increases the government's wage outlay and puts more disposable income in the hands of a large federal workforce.

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