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In a bureaucratic reshuffle, Arvind Shrivastava is appointed as Revenue Secretary. Vualnam and Aggarwal also take new roles in key departments.

Govt Reshuffle: New Revenue, Expenditure Secretaries

Senior IAS officer Arvind Shrivastava becomes Revenue Secretary amid significant bureaucratic changes. Vualnam moves to Expenditure; Aggarwal to Culture.

In a bureaucratic reshuffle, Arvind Shrivastava is appointed as Revenue Secretary

The Central Government's reshuffle appoints Arvind Shrivastava as Revenue Secretary, with Vualnam and Aggarwal taking new roles, signaling strategic shifts.

Senior bureaucrat Arvind Shrivastava has been appointed as the new Revenue Secretary as part of a top-level bureaucratic reshuffle effected by the Centre on Friday.
Shrivastava, a 1994 batch Karnataka cadre Indian Administrative Service (IAS) officer, is currently working as Additional Secretary in the Prime Minister's Office.
The Appointments Committee of the Cabinet (ACC) has approved Shrivastava's appointment as Secretary, Department of Revenue, Ministry of Finance, a Personnel Ministry order said.
Civil Aviation Secretary Vumlunmang Vualnam has been named as Secretary, Department of Expenditure, it said.
He succeeds Manoj Govil, who has been appointed as Secretary (Coordination), Cabinet Secretariat.
Vivek Aggarwal, a 1994 batch IAS officer of Madhya Pradesh cadre, has been appointed as Secretary, Ministry of Culture.
Aggarwal is currently Additional Secretary in the Department of Revenue. He is also holding the charge of Director, Financial Intelligence Unit-India (FIU-IND).
Other senior officers have been appointed to key central government departments as part of the bureaucratic rejig.

Punjab records an all-time high Excise revenue of Rs 10,743.72 crore in FY 2024-25, with total tax revenue reaching Rs 42,289.97 crore. Strong policies under CM Bhagwant Mann led to significant fiscal growth, supporting the 'Badlda Punjab' budget.

Punjab's Unprecedented Excise Revenue Growth Achieved

Under CM Bhagwant Mann's leadership, Punjab's Excise revenue reaches Rs 10,743.72 crore, up by 16.36%. Overall tax revenues hit Rs 42,289.97 crore, driven by transparent policies, effective enforcement, and new initiatives for economic growth.

Punjab records an all-time high Excise revenue of Rs 10,743.72 crore in FY 2024-25

Punjab hits fiscal milestone with Rs 42,289.97 crore revenue in FY 2024-25. Excise revenue surpasses Rs 10,743.72 crore. GST grows 12.99%, VAT rises 5.42%. Transparent policies and initiatives support economic growth and a historic budget.

Punjab Finance, Planning, Excise, and Taxation Minister Advocate Harpal Singh Cheema on Tuesday announced that the state's Excise and Taxation Department has reported a record-breaking Excise revenue of Rs 10,743.72 crore for the financial year 2024-25, marking an impressive annual growth rate of 16.36 percent compared to the previous fiscal year.
He said that the state&rsquo;s total revenue collection from VAT, CST, GST, PSDT, and Excise during FY 2024-25 stood at Rs 42289.97 crore, showcasing a growth rate of 12.47 percent crossing the Rs 40,000 crore threshold for the first time in the state's history.
Disclosing this in a press communiqu&eacute; issued here, Finance Minister Harpal Singh Cheema attributed the remarkable growth in Excise collection to the successful excise policies implemented by the Chief Minister Bhagwant Singh Mann-led Punjab Government.
He said that the state witnessed a notable rise of Rs 598.72 crore in Excise revenue, surpassing the target of Rs 10145 crore for FY 2024-25.
In March 2025, Punjab achieved a remarkable 30.67 percent growth rate in Excise revenue, collecting Rs 1477.04 crore, a significant increase from Rs 1130.37 crore in March 2024. He said that this achievement marks the first time the state has crossed the five-digit mark in Excise revenue.
Finance Minister Harpal Singh Cheema further revealed that the state has also witnessed a net annual growth rate of 12.99 percent in Goods and Services Tax (GST) collections, with a net annual collection of Rs 23,642.15 crore compared to Rs 20,923.37 crore in the previous fiscal year. &ldquo;
In March 2025, the state recorded a net GST collection of Rs 1,913.82 crore, reflecting an 8.63 percent growth compared to Rs 1,761.70 crore in March 2024&rdquo;, said the Finance Minister while adding that Punjab has also achieved an annual collection of Rs 7,353.32 crore from Value Added Tax (VAT), up from Rs 6,975.3 crore in the previous fiscal year, registering a growth rate of 5.42 percent.
Finance Minister Cheema attributed these achievements to the transparent excise policies implemented by the Chief Minister Bhagwant Singh Mann-led Punjab Government, and the enforcement activities of the Excise and Taxation Department which successfully curbed liquor smuggling from neighboring states.
He said that the department has also enhanced GST revenue by promoting tax compliance through initiatives such as the "Bill Liayo Inam Pao" scheme and by leveraging technological solutions, the Tax Intelligence Unit, and strengthened enforcement activities.
&nbsp;He said that the department has adopted a two-pronged strategy, which encompasses providing unwavering support to honest taxpayers while simultaneously cracking down on tax evaders, thereby ensuring a fair and transparent taxation system.
The Finance Minister emphasized that these efforts to boost the state's tax revenue have enabled the Chief Minister Bhagwant Singh Mann-led Punjab Government to present a historic "Badlda Punjab" budget, aimed at ushering in an era of economic and social development for the state.
He said that the state government would continue to opt for new initiatives to further improve the tax revenue without imposing any new tax burden on the people of the state.

With packed scheduling and seven captains being used in the current year, fans would be pondering why Team India are playing too much cricket.
And now the answer is here. BCCI has been gaining on the lost ground that it failed to do so during the two years of the Covid-19 hiatus. While using their good relations with other boards, BCCI is not only overcoming the entire revenue shortfall but making good profits. 
According to a Hindustan Times report, the Indian board will make a profit in excess of Rs 218 crore from the broadcaster Disney Star after gaining the lost revenue during the 2018-2023 period.
Also read: Virat Kohli breaks his silence, says winning Asia Cup and World Cup his priority
The report further stated that in 2020-21, BCCI's prime focus was holding the suspended IPL and T20 World Cup. 
In order to manage the workload of players going forward, BCCI secretary Jay Shah recently said that the board will have a pool of 50 players on their roster which can help to depute two teams simultaneously. 
Notably, the Indian cricket team have been playing back-to-back series in recent months with more bilateral series lined up ahead of the T20 World Cup in Australia.

BCCI making up for Covid-19 cancellations? Board makes gain of ₹218 crore from bilaterals

BCCI is gaining on the lost ground that it failed to do so during the two years of the Covid-19 pandemic. Is this the reason for a packed cricketing schedule?

Tap for details

BCCI expected to make a profit in excess of Rs 218 crore from the broadcaster Disney Star after gaining the lost revenue for the 2018-2023 period

With packed scheduling and seven captains being used in the current year, fans have been pondering if Team India was playing too much cricket.
According to a report in the Hindustan Times, BCCI has been gaining on the lost ground that it failed to do so during the two years of the Covid-19 pandemic. While using their good relations with other boards, BCCI is not only overcoming the entire revenue shortfall but making good profits as well.
The report states that the Indian board will make a profit in excess of Rs 218 crore from the broadcaster Disney Star after gaining the lost revenue for the 2018-2023 period, as per a BCCI internal financial note.
Also read: <a href="https://www.editorji.com/sports-news/cricket/virat-kohli-breaks-his-silence-says-winning-asia-cup-and-world-cup-his-priority-1658629606352" target="_blank">Virat Kohli breaks his silence, says winning Asia Cup and World Cup his priority</a>
The report further stated that in 2020-21, BCCI's prime focus was holding the suspended IPL and T20 World Cup.&nbsp;
In order to manage the workload of players going forward, BCCI secretary Jay Shah recently said that the board will have a pool of 50 players on their roster which can help to depute two teams simultaneously.&nbsp;
Notably, the Indian cricket team have played back-to-back series in recent months with more bilateral series lined up ahead of the T20 World Cup in Australia.

As two seasons of European football have been disrupted due to Covid-19, the clubs were hit by a massive seven billion euros revenue loss in this period, according to a UEFA report.
The clubs have to shed their uninterrupted rise in revenue over the previous 20 years given long months of empty stadiums have caused an 88 percent slump in ticket revenues during 2021 as compared to 2019.
Moreover, the clubs lost four billion euros in 2019-2020 and three billion euros in 2020-2021 as a result of declining gate collections, sponsorship, and broadcast rights revenues.
Also read: Top 5 big ticket transfers in European football
The latest UEFA analysis contains the consolidated results of these same 711 clubs for the year 2020, as well as the projected financial statements of 95 significant teams for the year 2021, with games played behind closed doors.

UEFA: Covid-19 put a massive 7 billion euros crater in European clubs' revenue

Covid-19 pandemic has ensured that the European football clubs suffered a massive €7 billion loss in the past 2 years 

Disrupted many times by the global Covid-19 pandemic, the European football has suffered mega losses and according to the governing body UEFA, the revenue loss is approximately &euro;7 billion.&nbsp;
The clubs have to shed their uninterrupted rise in revenue over the previous 20 years given long months of empty stadiums have caused an 88 percent slump in ticket revenues during 2021 as compared to 2019.
Moreover, the clubs lost four billion euros in 2019-2020 and three billion euros in 2020-2021 as a result of declining gate collections, sponsorship and broadcast revenues.
The latest UEFA analysis contains the consolidated results of these same 711 clubs for the year 2020, as well as the projected financial statements of 95 significant teams for the year 2021, with games played behind closed doors.

As two seasons of European football have been disrupted due to Covid-19, the clubs were hit by a massive seven billion euros revenue loss in this period, according to a UEFA report

Disrupted many times by the global Covid-19 pandemic, the European football has suffered mega losses and according to the governing body UEFA, the revenue loss is approximately &euro;7 billion.&nbsp;
The clubs have to shed their uninterrupted rise in revenue over the previous 20 years given long months of empty stadiums have caused an 88 percent slump in ticket revenues during 2021 as compared to 2019.
Moreover, the clubs lost four billion euros in 2019-2020 and three billion euros in 2020-2021 as a result of declining gate collections, sponsorship and broadcast revenues.
Also read:&nbsp;<a href="https://www.editorji.com/sports-news/football/top-5-deadline-day-transfers-in-european-football-1643690420391" target="_blank">Top 5 big ticket transfers in European football</a>
The latest UEFA analysis contains the consolidated results of these same 711 clubs for the year 2020, as well as the projected financial statements of 95 significant teams for the year 2021, with games played behind closed doors.

Union Minister Nitin Gadkari on Sunday said that the Delhi-Mumbai Expressway will earn toll revenues worth ₹ 1,000 to 1,500 crore every month when it becomes operational.
The Delhi-Mumbai Expressway is likely to be completed by March 2023 and is being built as part of the first phase of the "Bharatmala Pariyojana".
The eight-lane expressway, covering Delhi, Haryana, Rajasthan, Madhya Pradesh and Gujarat, is expected to halve the commute time between the national capital and the country's financial hub from nearly 24 hours to 12 hours.
The minister described the expressway as a "gold mine" for generating income.
Gadkari further said that the national highways infrastructure is a world-class success story after completing his tour to assess the progress of the Delhi-Mumbai Expressway that will pass through four states apart from the national capital.
A confident Gadkari also asserted that the NHAI will rake in annual toll income to the tune of ₹ 1.4 lakh crore in the next five years from the current level of ₹ 40,000 crore.

This is how much the Delhi-Mumbai Expressway will earn as revenue per month

Nitin Gadkari&nbsp;said that the Delhi-Mumbai Expressway will earn toll revenues worth ₹ 1,000 to 1,500 crore every month when it becomes operational in 2023.

Nitin&nbsp;Gadkari:&nbsp;Delhi-Mumbai Expressway a gold mine for earning income
Delhi-Mumbai Expressway will earn revenues worth ₹ 1,000 per month, Gadkari&nbsp;said
To be completed by March 2023, it will halve travel time between Delhi &amp; Mumbai
Expressway that will pass through 4 states apart from the capital
Gadkari&nbsp;described the expressway as 'a world-class success story'
Gadkari:&nbsp;NHAI's&nbsp;annual toll income will be ₹ 1.4 lakh crore in next 5 years
&nbsp;
&nbsp;

Gadkari further said that the national highways infrastructure is a world-class success story after completing his tour to assess the progress of the Delhi-Mumbai Expressway.

Union Minister Nitin Gadkari on Sunday said that the Delhi-Mumbai Expressway will earn toll revenues worth ₹ 1,000 to 1,500 crore every month when it becomes operational.
The Delhi-Mumbai Expressway is likely to be completed by March 2023 and is being built as part of the first phase of the "Bharatmala Pariyojana".
The eight-lane expressway, covering Delhi, Haryana, Rajasthan, Madhya Pradesh and Gujarat, is expected to halve the commute time between the national capital and the country's financial hub from nearly 24 hours to 12 hours.
The minister described the expressway as a "gold mine" for generating income.
Gadkari further said that the national highways infrastructure is a world-class success story after completing his tour to assess the progress of the Delhi-Mumbai Expressway that will pass through four states apart from the national capital.
A confident Gadkari also asserted that the NHAI will rake in annual toll income to the tune of ₹ 1.4 lakh crore in the next five years from the current level of ₹ 40,000 crore.

As India grapples with the second wave of Covid-19, Bollywood actor Salman Khan has pledged to donate a percentage of earnings from his upcoming film 'Radhe: Your Most Wanted Bhai' for Covid&nbsp;relief.
Salman along with Zee Entertainment has partnered with the NGO&nbsp;GiveIndia for relief work, and&nbsp;proceeds from the film will be used to procure medical equipment such as oxygen cylinders, concentrators and ventilators for those in need.
ZEE and Salman Khan Films will also provide support to daily wage workers of the entertainment industry whose livelihoods have been severely affected by the pandemic-induced lockdown.
'Radhe', which features Salman as an encounter specialist is all set to have a theatrical release on May 13 in over 40 countries and will also simultaneously stream on multiple platforms, including ZEE5&rsquo;s pay-per-view platform ZeePlex.&nbsp;

Salman Khan to donate 'Radhe' revenue for Covid-19 relief work

Salman Khan Films and Zee Entertainment have declared that a portion of the revenue generated by their upcoming film 'Radhe: Your Most Wanted Bhai' will go towards Covid-19 relief work

Salman Khan, ZEE to donate 'Radhe' revenue for Covid-19 relief work

Proceeds from 'Radhe' to go towards Covid-19 relief
Earnings will be used to buy oxygen cylinders, ventilators
Salman&nbsp;Khan to also support daily wagers in Bollywood
'Radhe' is slated to have a multi-format release on May 13
&nbsp;

As India grapples with the second wave of Covid-19, Bollywood actor Salman Khan has pledged to donate a percentage of earnings from his upcoming film 'Radhe: Your Most Wanted Bhai' for Covid&nbsp;relief.
Salman along with Zee Entertainment has partnered with the NGO&nbsp;GiveIndia for relief work, and&nbsp;proceeds from the film will be used to procure medical equipment such as oxygen cylinders, concentrators and ventilators for those in need.
ZEE and Salman Khan Films will also provide support to daily wage workers of the entertainment industry whose livelihoods have been severely affected by the pandemic-induced lockdown.
'Radhe', which features Salman as an encounter specialist is all set to have a theatrical release on May 13 in over 40 countries and will also simultaneously stream on multiple platforms, including ZEE5&rsquo;s pay-per-view platform ZeePlex.&nbsp;

As investors await earnings from India's largest software exporter TCS, here are a few numbers the street is expecting -:

Dollar revenue seen rising over 4% (QoQ), margins expected to be flat with a slight expansion bias.&nbsp;
Revenue growth to be led by large deals&nbsp;like&nbsp;Postbank and Prudential Financial&nbsp;
Likely to be outpace peers in revenue and margin growth&nbsp;

Stock perched up at a 52 week high has outperformed the tech index in the year so far rallying over 15% vs a mere 5% rise in the Nifty in the same period. Earnings expected post markets today.&nbsp;

Boardroom Buzz: TCS Q4 earnings today, key numbers to watch

India's largest software exported TCS&nbsp;reports earnings post market today, here is what experts are expecting.&nbsp;

Boardroom Buzz: TCS earnings today, key numbers to watch

<ul>
<li>TCS&nbsp;eanings post market today, $ Revenue growth seen above 4% (QoQ)</li>
<li>Large deal wins like Postbak and Prudential to drive growth&nbsp;</li>
<li>TCS&nbsp;stock is up 15% YTD&nbsp;vs 5% rise in Nifty in the same period</li>
</ul>

As investors await earnings from India's largest software exporter TCS, here are a few numbers the street is expecting -:
<ul>
<li>Dollar revenue seen rising over 4% (QoQ), margins expected to be flat with a slight expansion bias.&nbsp;</li>
<li>Revenue growth to be led by large deals&nbsp;like&nbsp;Postbank and Prudential Financial&nbsp;</li>
<li>Likely to be outpace peers in revenue and margin growth&nbsp;</li>
</ul>
Stock perched up at a 52 week high has outperformed the tech index in the year so far rallying over 15% vs a mere 5% rise in the Nifty in the same period. Earnings expected post markets today.&nbsp;

The Govt has again extended the deadline for filing declaration and making payments under &lsquo;Vivad Se Vishwas&rsquo; scheme . The deadline for declaration has been pushed March 31, 2021, and the due date for payment without additional amount under the scheme has been&nbsp;extended to 30th April, 2021.
The Direct Tax Vivad se Vishwas Act, 2020 was implemented in March 2020 and 1.2 lakh cases amounting to&nbsp;Rs 97,000 cr&nbsp;have so far opted for the scheme.

Govt extends date for tax resolution scheme

The Govt has again extended the deadline for filing declaration and making payments under &lsquo;Vivad Se Vishwas&rsquo; scheme . The deadline for declaration has been pushed March 31, 2021, and the due date for payment without additional amount under the scheme has been&nbsp;extended to 30th April, 2021.
The Direct Tax Vivad se Vishwas Act, 2020 was implemented in March 2020 and 1.2 lakh cases amounting to&nbsp;Rs 97,000 cr&nbsp;have so far opted for the scheme.

The Govt has extended the deadline for filing declaration and making payments under &lsquo;Vivad Se Vishwas&rsquo; scheme . The deadline for declaration has been pushed March 31, 2021, and the due date for payment without additional amount under the scheme has been&nbsp;extended to 30th April, 2021.
The Direct Tax Vivad se Vishwas Act, 2020 was implemented in March 2020 and 1.2 lakh cases amounting to&nbsp;Rs 97,000 cr&nbsp;have so far opted for the scheme.

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