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The Hindu
27-07-2025
- Business
- The Hindu
Tamil Nadu's Own Tax revenue increases 14.5% in Q1, FY2025-2026
Tamil Nadu's Own Tax Revenue increased about 14.5% to ₹43,070.45 crore in the first quarter of 2025-2026 from ₹37,605.43 crore in the same period last year, according to the provisional figures from the Comptroller and Auditor-General (CAG). The State's own revenue (SOTR) constitutes 75.3% of Tamil Nadu's total revenue receipts. Among the SOTR components, the State Goods and Services Tax (SGST) collection increased nearly 21% to ₹15,761.04 crore in the first quarter of 2025-2026 from ₹13,019.26 crore in the same period last year. Revenue from Other Taxes and Duties increased about 23.9% to ₹3,529.86 crore in the April-June 2025 period from ₹2,848.96 crore in the comparable period last year. In the first quarter of 2025-2026, Revenue from Stamps and Registration Fees rose 19.3% to ₹5,868.88 crore from ₹4,918.51 crore in the same period last year. The State Excise Duties (which reflect liquor revenue) increased to ₹2,904.47 crore in the April-June quarter of 2025-2026 from ₹2,791.53 crore in the same period last year. Revenue collection from the component taxes on sales and trade etc. (including VAT on petrol and diesel and liquor) grew 7.8% to ₹14,954.37 crore in the first quarter of 2025-2026 from ₹13,870.62 crore in the year-ago period. Land revenue declined steeply to ₹51.83 crore in the first quarter of 2025-2026 from ₹156.55 crore in the same period last year. In the budget estimates for 2025-2026, the State government has projected SOTR to increase to ₹2,20,894.58 crore, up 14.6% from the revised estimates of ₹1,92,752.43 crore for 2024-2025. The State's share of Union Taxes stood at ₹13,296.29 crore in the first quarter of 2025-2026, up 16.6% from ₹11,400.88 crore in the same period last year. Non-tax revenue declined to ₹2,895.70 crore in the April-June quarter of 2025-2026 from ₹3,946.26 crore in the same period last year. Including SOTR, Share of Union Taxes, Non-Tax revenue and grants-in-aid contribution, Tamil Nadu's total revenue receipts in the first quarter of 2025-2026 increased 14.9% to ₹63,755.70 crore from ₹55,467.63 crore in the same period last year. The current year's number was 19.23% of the budgeted estimates. The revenue deficit, which indicates that expenditure exceeds receipts, came in at ₹15,298.98 crore in the first quarter, while the fiscal deficit, the difference between total receipts and total expenditure, stood at ₹19,377.19 crore.
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Business Standard
30-06-2025
- Business
- Business Standard
Hindustan Zinc contributes ₹18,963 cr to govt exchequer in FY25, shows data
Hindustan Zinc Limited, a Vedanta Group company, contributed ₹18,963 crore to the government exchequer in the financial year 2024-25 (FY25), according to the company's Tax Transparency Report. The FY25 contribution of ₹18,963 crore by Hindustan Zinc included ₹4,154 crore in government royalties, ₹3,619 crore as corporate dividend to the government, ₹5,963 crore in indirect taxes, and ₹3,385 crore in taxes on income. The government holds a 27.92 per cent stake in the company. The company's total contribution in FY25 also included payments to the Rajasthan state government, the District Mineral Foundation (DMF), and the National Mineral Exploration Trust. These payments represent 56 per cent of the company's revenue from operations. The FY25 contribution registered a 44 per cent increase over the previous financial year's contribution. The company's cumulative contribution to the exchequer over the past 5 years stands at ₹87,616 crore. Hindustan Zinc's indirect tax contribution in the last five financial years stood at ₹27,500 crore, which includes Central Goods and Services Tax, State Goods and Services Tax, and Integrated Goods and Services Tax collected from the sale of goods. The company has contributed an average of ₹3,600 crore per year to the Rajasthan government. "Despite volatility in global markets and fluctuating metal prices, the company has demonstrated unwavering focus on fiscal discipline. Hindustan Zinc takes great pride in providing voluntary disclosures about its tax contributions which supports India's robust growth and socioeconomic development," the company said in the report. Operational data The company reported mined metal production of 1,095 kilotonnes (KT) and refined metal production of 1,052 KT in FY25. It recorded a four-year lowest zinc cost of production at $1,052 per million tonnes (MT).
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.
