Economy › Public finance
हिन्दी — Read in HindiBudget, deficits and debt
How the Centre balances its accounts: the Budget, the fiscal deficit and public debt.
Showing 1 of 1 article, those that changed from 1 to 30 September 2026.Show all
Public Accounts Committee on untransferred cess
Copy link to Public Accounts Committee on untransferred cessMains
A cess is levied for a stated purpose, so its collections are earmarked for a dedicated fund and are not shared with the States.
What changed
9 Sep 2026Briefnewly addedParliament's Public Accounts Committee flagged that the Finance Ministry had not transferred ₹9,222 crore of cess collections to the dedicated funds for which they were levied. Cess kept back from its fund weakens accountability and defeats the purpose of the levy. Mains: Because cesses are earmarked and not shared with the States, failing to transfer them to their funds weakens both accountability and the purpose of the levy. The Hindu, 9 Sep 2026: PAC flags failure to transfer ₹9,222 crore in cess collections (opens in a new tab)
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