Both interest receipts and dividends, and the profit of the central government are expected to decline in FY23 by 16% and 29%, respectively. As a result, the non-tax revenue is projected to fall by 14% over the revised estimates of FY22.
Dividends and profits from public sector enterprises also include a surplus of the Reserve Bank of India (RBI) that is transferred to the government.
In all of the measures, RBI’s stance has remained the same, Das said, with the focus on balancing inflation with growth.
State's draft policy aims to have a 50% share in the space tech companies
Net outward FDI jumped to $10.7 billion during April-September 2024, up from $6.5 billion in the same period last year
On growth, RBI economists write the lack of speed in Q2 is "behind us" as private consumption is back to being the driver of domestic demand with a festival boost
In all of the measures, RBI’s stance has remained the same, Das said, with the focus on balancing inflation with growth.
State's draft policy aims to have a 50% share in the space tech companies
Net outward FDI jumped to $10.7 billion during April-September 2024, up from $6.5 billion in the same period last year
On growth, RBI economists write the lack of speed in Q2 is "behind us" as private consumption is back to being the driver of domestic demand with a festival boost
