Page 7 - Revenue Collection

Not a single demand made by states has been met: West Bengal FM Amit Mitra

The Union Finance Minister's press conferences makes it appear that India is ruled by the central government, says Amit Mitra

As coronavirus forces lockdown, govt's budgetary targets go for a toss

Divestment shortfall could be Rs 15K cr, against revised estimates of Rs 65K cr

Govt halts three crucial policy initiatives as revenues shrink: Report

ndia's income tax revenues contracted 3.5% in the first 11 months of the current fiscal year, which began in April 2019, and income from other taxes grew by a meagre 3.8%

Oyo's revenue surges 4 times to $951 million in FY19, but loss widens too

The SoftBank-backed firm has been reported to have been in the process of laying off close to 2,000 employees as it shifts focus towards profitability

Nirmala Sitharaman's Budget again reveals structural fiscal constraint

It recognises it cannot afford space for expansionary fiscal policy

Rane Engine posts Q3 net loss at Rs 5 crore

The firm recorded a net loss at Rs 3.4 crore during the corresponding quarter the previous year.

RBI may discuss interim dividend issue in board meet amid revenue shortfall

If the RBI board agrees to interim dividend based on their six-month performance, it would provide some financial relief to the government, sources added.

Govt may seek another interim dividend from RBI as revenue drops: Report

The fresh call comes just months after the Reserve Bank of India (RBI) approved a 1.76 trillion rupees ($24.8 billion) dividend payment to the federal government

India should maintain fiscal deficit; needs revenue mobilisation: Gopinath

India's consolidated deficit (the Centre and states combined) is the highest among the G20 nations, she added.

Patanjali's Apr-Sep revenue at Rs 3,562 cr, highest for a half-year period

The company had reported a revenue of Rs 937 crore and Rs 1,576 crore in June quarter and September quarter of 2018-19, respectively.

Another warning

Structural changes needed in every aspect of the economy

Projection of steady growth outlook in business revenue: Report

India average salary increase is expected to remain on a steady path

Analysing revenue information-II

Tax administration advances, though continuing improvement remains paramount

Delink the deficits: Linking revenue and fiscal deficits will lead nowhere

Revenue deficit comprises political payouts that are impossible to reduce in any significant measure. Minimising political risk means increasing revenue deficit

Advance tax mop-up posts dismal growth, rises by just 6% in H1FY20

Direct tax collection needs to grow by about 27% from here on to meet FY20 Budget target

Analysing new revenue information

Increased buoyancy is welcome, though it needs examination of causes

Slow revenue growth of top four US banks likely to affect Indian IT firms

According to the HSBC report, top line growth of the top four US banks fell to around 2 per cent in the second quarter ended June this year, as compared to around 5 per cent in the previous year

Unrealistic revenue projections

In all probability, the end of the year will see the same jugglery with the subsidy payments that we saw this year to keep the deficit figure on target

Govt asks IOC, ONGC to pay 2nd interim dividend to manage revenue shortfall

Sources said the government is struggling to meet the revised fiscal deficit target of 3.4 per cent in view of shortfall in GST collections

GST disruption: Govt may miss FY18 revenue collection target, says official

Vanaja N Sarna said govt has made it clear that it has no plans to revise the target