Both interest receipts and dividends, and the profit of the central government are expected to decline in FY23 by 16% and 29%, respectively. As a result, the non-tax revenue is projected to fall by 14% over the revised estimates of FY22.
Dividends and profits from public sector enterprises also include a surplus of the Reserve Bank of India (RBI) that is transferred to the government.
The central government expects the total revenue from cess and surcharge for FY23 to be ₹3,55,320 crore, a drop of 22% compared to the previous financial year.
In its latest economic outlook report, the ratings agency says the weak monsoon poses downside risk of up to 50 basis points (50 bps).
50% of hospitals admitted cases due to respiratory infection are due to H3N2 Influenza in last two months; most with symptoms of cough and fever, says HealthMin
The Finance Bill proposes changes in taxation of debt mutual funds.
The central government expects the total revenue from cess and surcharge for FY23 to be ₹3,55,320 crore, a drop of 22% compared to the previous financial year.
In its latest economic outlook report, the ratings agency says the weak monsoon poses downside risk of up to 50 basis points (50 bps).
50% of hospitals admitted cases due to respiratory infection are due to H3N2 Influenza in last two months; most with symptoms of cough and fever, says HealthMin
The Finance Bill proposes changes in taxation of debt mutual funds.
Leave a Comment
Your email address will not be published. Required field are marked*