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Economy News

The Economic Times

Economy / The Economic Times

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Debt grows slower than GDP, CAG says; revenue lapses persist

Government debt servicing remains positive, with loan accumulation below GDP expansion. However, irregularities worth 603 crore were found in the export incentive scheme. Inadmissible benefits and systemic failures led to significant financial gaps. The tax dispute scheme also showed lapses in calculations and revenue recovery. These issues resulted in prolonged delays and revenue losses for the government.

14 Aug 2026 7:31 am