When expected buoyancy in tax revenues abates, governments start looking at non-tax revenues (NTRs) to bail them out. This was to be the year of NTRs. The demonetisation (DM) venture was expected to be a goldmine. There was talk of Rs 4 lakh crore of kala dhan being wiped out. This was expected to yield a bonanza in terms of Reserve Bank of India surplus transferred to the government. Sadly, no such luck.
The Economic Survey notes that NTRs in 2016-17 have been “challenged”. Shortfalls in spectrum and disinvestment receipts together with smaller dividends from public sector undertakings (PSUs)
The Economic Survey notes that NTRs in 2016-17 have been “challenged”. Shortfalls in spectrum and disinvestment receipts together with smaller dividends from public sector undertakings (PSUs)
