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The Hindu
18-05-2025
- Business
- The Hindu
Tamil Nadu's own tax revenue grew by 7.6% in 2024-25
Tamil Nadu's own tax revenue stood at ₹1,80,225.53 crore in fiscal 2024-25, up about 7.6% from ₹1,67,105.18 crore in fiscal 2023-24, as per the preliminary un-audited provisional figures from the Comptroller and Auditor General of India (CAG). In 2024-25, State's Own Tax Revenue (SOTR) was estimated at ₹1,92,752.43 crore in Revised Estimates, when compared to the projection of ₹1,95,173 crore made in the Budget Estimates, as per the State Budget for 2025-26. The SOTR contributes 75.3% of Tamil Nadu's total revenue receipts. Among its components, the State Goods and Services Tax (SGST) increased by 14.4% from ₹61,960.29 crore in 2023-24 to ₹70,886.65 crore in 2024-25, as per the numbers from the CAG. The State also saw its revenue from Stamps and Registration Fees increase to about 15% from ₹19,013.36 crore in 2023-24 to ₹21,878.27 crore in 2024-25. Marginal growth Other components have seen only marginal growth, according to the CAG's the preliminary figures. Land revenue increased from ₹255.87 crore in 2023-24 to ₹277.72 crore in 2024-25, as per preliminary numbers. Revenue from Taxes on Sales, Trade etc., (which includes VAT on petrol, diesel, and liquor) increased from ₹60,026.96 crore in 2023-24 to ₹62,335.08 crore in 2024-25. The State Excise Duties (which reflect liquor revenue) increased from ₹10,774.29 crore in 2023-24 to ₹11,055.41 crore in 2024-25. Revenue from other taxes and duties declined from ₹15,074.41 crore in 2023-24 to ₹13,792.40 crore in 2024-25. The balance of Tamil Nadu's total revenue receipts come from Non-Tax revenue, the Share in Central taxes, and grants-in-aid from the Union government. The Share in Central taxes for 2024-25 was ₹52,491.88 crore. This is in line with what was projected in the revised estimates for 2024-25. Grants-in aid from the Union government was ₹16,509.38 crore for 2024-25, when compared to ₹20,538.40 crore in the revised estimates for 2024-25. Non-Tax Revenue was ₹31,388.70 crore in 2024-25, when compared to ₹28,124 crore in Revised Estimates. Including these components, the State's total revenue receipts stood at ₹2,80,615.49 crore in 2024-25, as per the preliminary figures from the CAG. The total revenue receipts estimates for 2024-25 was revised to ₹2,93,906.41 crore.
Time of India
28-04-2025
- Business
- Time of India
CtrlS Datacenters to invest Rs 500 crore for greenfield data centre in Bhopal
CtrlS Datacenters has announced an investment of Rs 500 crore for a greenfield data centre in Bhopal. A virtual groundbreaking ceremony of the facility took place on Sunday with Madhya Pradesh Chief Minister Mohan Yadav presiding over the proceedings. #Pahalgam Terrorist Attack India stares at a 'water bomb' threat as it freezes Indus Treaty India readies short, mid & long-term Indus River plans Shehbaz Sharif calls India's stand "worn-out narrative" "The upcoming facility will be built on a 5-acre land parcel allotted by the Madhya Pradesh government in Badwai IT Park, representing a significant investment of Rs 500 crore and is projected to generate around 200 jobs over its phased development. "This strategic investment will boost the region's digital ecosystem by supporting high-performance cloud computing, AI, and data processing applications," a company statement said. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If You Eat Ginger Everyday for 1 Month This is What Happens Tips and Tricks Undo The AI-ready data centre will be equipped with modern infrastructure, featuring advanced cooling and robust security systems. When operating at full capacity, it is expected to contribute Rs 7.5 crore annually each to the State Goods and Services Tax (SGST) and Central Goods and Services Tax (CGST). Live Events The facility's features are designed to deliver 24/7 operational reliability and high uptime, positioning it as a critical node within the region's digital ecosystem. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories CtrlS Datacenters chairman and MD Sridhar Pinnapureddy termed Madhya Pradesh a strategic location that can act as a digital crossroads for central India and untapped potential as a technology talent hub. "Our upcoming data centre is designed not only for today's needs but also as a foundation for future technologies that will drive enterprise innovation and elevate the state's digital capabilities," he said. CtrlS Datacenters has a nationwide presence with 250 MW (IT load) of combined data centre capacity across key tier-1 markets, including Mumbai, Chennai, Bengaluru, Hyderabad, Noida, and Kolkata. It also operates Edge data centres in certain tier-II pockets.
