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How non-tax revenue brought some comfort for govt in difficult times

The Budget estimated Rs 1.06 trillion to come from dividends from RBI, public sector banks and financial institutions in the current financial year

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Indivjal Dhasmana
Struggling with revenues, the government has some comfort on the non-tax revenue (NTR) front in the current financial year. The government got Rs 2.32 trillion under this head till November against Rs 3.13 trillion estimated for the entire 2019-20. This constituted Rs 74.3 per cent of the Budget Estimates against 56.6 per cent by November in the previous financial year. 

The RBI transferred Rs 1.76 trillion to the government in August, 2019. The Budget estimated Rs 1.06 trillion to come from dividends from RBI, public sector banks and financial institutions in the current financial year. Adding public sector dividends to this