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Tax collections at Rs 17.1 lakh crore for 2016-17 exceeded the Revised Estimates (RE) of Rs 16.97 lakh crore by 0.8 per cent, official figures showed on Tuesday. Corporate tax and excise duty collections fell short of RE, which implies that industrial recovery could be prolonged. The tax collection figures in 2016-17 were 18 per cent higher than the previous fiscal year’s figures and the highest growth in the past six years, according to Revenue Secretary Hasmukh Adhia.
With these tax numbers coupled with a spurt in disinvestment proceeds in March, the Centre will be able to rein in
