Government Data
Latest news, explainers and analysis on Government Data. Tracking 2 stories on Arth Vani.
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Latest on Government Data
Govt Explains ₹6 Lakh Crore GDP Revision: Why India’s Growth Numbers Changed
The Indian government has clarified that the ₹6 lakh crore adjustment in last year's GDP estimates was driven by a shift to a new base year and improved data collection. Officials also explained the divergence between GDP inflation and retail inflation (CPI), citing negative inflation in the manufacturing sector.
Tax Liability for Trusts, Political Parties Nearly Triples to ₹1,043 Cr
Entities filing ITR-7, which include charitable trusts, universities, and political parties, saw their total income tax liability jump from ₹356 crore in Assessment Year (AY) 2021-22 to ₹1,043 crore in AY 2025-26. This nearly threefold increase over five years signals growing financial obligations for these significant institutions.
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