Budget 2023: Lower interest, dividend income in FY23
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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.
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October 2025
As India’s growth story gains momentum and the number of billionaires rises, the country’s luxury market is seeing a boom like never before, with the taste for luxury moving beyond the metros. From high-end watches and jewellery to lavish residences and luxurious holidays, Indians are splurging like never before. Storied luxury brands are rushing in to satiate this demand, often roping in Indian celebs as ambassadors.