Union Budget 2024-25: Eye on non-tax revenues and divestment
The divestment target has been set at Rs 50,000 crore, similar to previous years
 "A high-level government committee has raised concern over continued delays in payment to companies in the production-linked incentive (PLI) schemes, Business Standard has learnt. PSU")
ILLUSTRATION: AJAY MOHANTY
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CHALLENGES
> Non-tax revenue has grown over time in absolute terms, but less so after adjusting for differences in economic size
> The government has achieved only a third of its target on average since 2018-19, less than half the average of the preceding five years
TAKEAWAYS
> Dividends and profits in non-tax revenues are expected to see an 87 per cent increase to Rs 2.9 trillion from the revised estimates for 2023-24
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> The divestment target has been set at Rs 50,000 crore, similar to previous years
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Topics : Divestment non tax revenue Budget 2024
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First Published: Jul 23 2024 | 11:54 PM IST