Daily Newscap

New Delhi, 1 October 2026. The Union government released its accounts for April to August 2026 on 30 September. Receipts had reached ₹13,67,709 crore, while spending was ₹20,77,958 crore. The difference shows why the monthly accounts matter, but it cannot by itself predict the full-year fiscal deficit. These are cumulative figures for the first five months of the 2026–27 financial year, not a final annual balance. Key points Receipts through August were 37.5% of the annual budget estimate. Expenditure was 38.9% of its annual budget estimate. Capital expenditure stood at ₹5,09,949 crore, while revenue expenditure was ₹15,68,009 crore. What the accounts show The Finance Ministry's monthly review breaks the ₹13,67,709 crore in receipts into ₹8,37,921 crore of net tax revenue, ₹4,54,549 crore of non-tax revenue and ₹75,239 crore of non-debt capital receipts. Net tax revenue is the Centre's share after transfers and adjustments; it is not the total tax collected across India. The ...

New Delhi, 1 October 2026. Interest rates for India's small savings schemes are unchanged for the October–December 2026 quarter, according to reports of the Finance Ministry's 30 September review. That means familiar headline rates continue for products such as the Public Provident Fund, National Savings Certificate, Senior Citizens Savings Scheme and Sukanya Samriddhi account. An unchanged quarterly rate is useful information, but it is only one factor in deciding where savings belong. Key points Reports say the government retained existing small-savings rates for October through December. PPF remains at 7.1%, NSC at 7.7%, and SCSS and Sukanya Samriddhi at 8.2%. Eligibility, maturity, withdrawal rules and the way interest is credited differ by scheme. What changed this quarter? The short answer is that the announced rates did not change. The Financial Express and Economic Times both report that the Centre kept rates steady after its quarterly review. They list 7.1% for PPF,...