Strong corporate tax receipts and controlled subsidy spending are supporting the Centre’s fiscal position, even as energy-related risks persist
Substantial increase in subsidy, especially on urea, impacted fiscal deficit
Government, banks to decide subsidy amount for UPI that will continue after MDR comes in The HinduUPI MDR from October 15 will be paid by merchants, not consumers, says Nirmala Sitharaman Telegraph IndiaWill banks lose transaction data edge after UPI MDR? bfsi.economictimes.indiatimes.comUPI Charge Not Tax, 96% Transactions Won't Be Unaffected: Government Sources NDTVCAIT denies ‘No UPI Day’ call, says reports are misleading CNBC TV18
Strong tax and non-tax receipts helped keep India's fiscal position well in check through July, even as capital expenditure and subsidy spending accelerated in the first four months of FY27.
Import prices of DAP and MOP have jumped, more than offsetting the decline in prices of urea. This may end up pushing fertilizer subsidy beyond the FY27 estimate, straining the exchequer.
