Govt may fall short of Rs 2.45-trn non-tax revenue target despite RBI funds

The biggest pressure point is from telecommunications revenue, which has been targeted at Rs 48,661 cr for the current year

The Reserve Bank of India (RBI) could pay between Rs 20,000 crore and Rs 25,000 crore to the government, but even that would not be enough for it to meet its non-tax revenue target of Rs 2.45 trillion.   

There are already concerns over the goods and services tax (GST) collections and the government overshooting expenditure in this fiscal year (2018-19 or FY19). Missing the non-tax revenue target could put more pressure on the fiscal deficit target of 3.3 per cent of gross domestic product (GDP).

Finance Minister Arun Jaitley, however, had seemed confident of meeting this target during an