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The Hindu
6 days ago
- Business
- The Hindu
Telangana's first quarter revenue receipts is 16.2% of estimates; 61% of ₹37,221 goes for interest payment, salaries and pensions
Telangana's revenue receipts continue to disappoint the government with overall receipts standing at ₹37,221 crore at the end of the first quarter of the current financial year (2025-26), of the ₹2.29 lakh crore projected for the fiscal. The revenue generated in the first (April to June) quarter indicates the challenges the government has to face in the coming days to fulfil all its promises. What are revenue receipts? They are funds received by a government in the form of tax revenue, non-tax revenue, and grants-in-aid and contributions. Tax revenue sources are Goods and Service Tax; Stamps and Registration; Land Revenue; Sales Tax; State Excise Duties; State's share of Union taxes, and other taxes and duties. Non-tax revenue includes interest of loans given, dividends on investments. The State's total receipts—including ₹20,266 crore borrowings—during the first quarter stood at ₹57,499 crore, 21.06% of the ₹2.84 lakh crore projected in the budget estimates. What are total receipts? Total receipts includes revenue receipts and capital receipts. The latter includes recovery of loans and advances, borrowings and other liabilities. Tax revenue during in the first quarter was ₹35,721 crore, 20.38% of the ₹1.75 lakh crore projected for the fiscal while interest payments were pegged at ₹6,772 crore, 34.97% of the ₹19,369 crore projected for the fiscal indicating that the State will yet again struggle with interest payment at the end of the fiscal as it will be much higher than that of the budget estimates. Earnings On the earnings front, revenue through Goods and Services Tax stood at ₹12,622 crore against ₹59,074 crore of the budget estimates and that through Registration & Stamps was ₹3,712 crore, 19.45% of ₹19,087 crore of the fiscal. State Excise duties continue to be below expectations at ₹4,595 crore, 16.64% of the ₹27,623 crore of budget estimates and Sales Tax collections were a shade better at ₹8,466 crore, 22.6% of the ₹37,463 crore projected for the year. Revenue through Grants in Aid and Contributions continued to bely expectations at ₹433 crore, just 1.9% of the ₹22,782 crore so also accrual through non tax revenue pegged at ₹1,066 crore, 3.37% of the budget estimates respectively at the end of the first quarter. Expenditure On the expenditure front, Salaries/wages consumed a major chunk with ₹11,608 crore, 34.97% of the ₹44,478 crore projected for the fiscal and payment of pensions accounted for ₹4,572 crore, 34.88% of the ₹13,109 crore of the budget estimates. Another major head under expenditure was subsidy, primarily on account of free power, which was pegged at ₹5,932 crore, 36.3% of ₹16,345 crore projected for the year. Revenue deficit The State's revenue deficit at the end of the first quarter stood at ₹10,582 crore against surplus of ₹2,738 crore projected in the budget estimates and fiscal deficit was at ₹20,266 crore, 37.52% of the ₹54,009 crore of the budget estimates for the year. The primary deficit was pegged at ₹13,493 crore, 38.95% of the ₹34,640 crore of the budget estimates.
Time of India
02-06-2025
- Business
- Time of India
FDA suspends license of Zepto's parent company to operate Dharavi store after safety violations
MUMBAI: The Food and Drug Administration (FDA) has suspended the food business license of one of the warehouses of Kiranakart Technologies Pvt. Ltd., the parent company of quick-commerce platform Zepto . This was after serious food safety violations at its Dharavi facility . The suspension was issued after an inspection conducted by FDA officials on Saturday revealed multiple breaches of food safety standards . Inspectors found fungal growth on food items, storage of food near stagnant water, and the presence of expired products. Some food items were allegedly stored directly on wet and unhygienic floors, and cold storage units reportedly failed to meet prescribed safety norms. The inspection was carried out on the directive of Yogesh Kadam, Minister of State for Food and Drug Administration. Following the inspection, assistant commissioner (Food) Anupamaa Patil issued the suspension order under Section 32(3) of the Food Safety and Standards Act, 2006, and Regulation 2.1.8(4) of the Food Safety and Standards (Licensing and Registration of Food Businesses) Regulations, 2011. FDA officials stated that the license suspension will remain in effect until the company fully complies with the food safety norms and receives clearance from the licensing authority. TOI attempted to reach out to Zepto, but company representatives were unavailable for comment. A Zepto spokesperson said, 'At Zepto, maintaining the highest standards of food safety and hygiene is non-negotiable. We have already initiated an internal review and are working closely with the concerned authorities to ensure full and swift compliance." The spokesperson further said that the company will be rectifying the lapses identified. "We are taking all necessary corrective measures to resume operations in accordance with regulatory obligations and applicable laws at the earliest," the spokesperson said.
