The net direct tax collections (provisional) for the Financial Year (FY) 2023-24 have exceeded the Union Budget Estimates (BE) by Rs 1.35 lakh crore (7.40 per cent), the Ministry of Finance said on Sunday.
Gross collection of Direct Taxes stand at Rs 22,27,067 crore as compared to Rs 18,75,535 crore in the corresponding period of the preceding financial year.
The GST revenue net of refunds for February 2024 is Rs 1.51 lakh crore, a growth of 13.6% over the same period last year.
The Ministry of Finance has highlighted the emphasis on value creation in Central Public Sector Enterprises (CPSEs). Since the introduction of the New PSE policy in January 2021, the NSE CPSE and BSE CPSE Indices have surpassed benchmarks.
Vivek Joshi said the public and private sector banks have been working towards reaching out to people with the scheme.
Finance Minister Nirmala Sitharaman on Wednesday said that despite exogenous threats, India's well-targeted policy mix, accompanied by major structural reforms and a sound external balance sheet, have aided its growth to remain resilient.
"Indian economic performance in the first half of 2022-23 has been impressive compared to the world. As measured by PMI composite index, the economic activity level was higher for India at 56.7 compared to 51.0 for the World level during April-Sept 2022," said the economic review which was released on Saturday by the Finance Ministry.
The States which received the funds are Andhra Pradesh (Rs 136 crore), Chhattisgarh (Rs 109 crore), Maharashtra (Rs 799 crore), and Uttar Pradesh (Rs 720 crore), a statement from the ministry said on Wednesday evening.
The central government on Thursday released Rs 7,183.42 crore as a post-devolution revenue deficit grant to 14 states including Kerala, Punjab, Rajasthan, Himachal Pradesh, and West Bengal for the month of October.
The Centre has modified the Emergency Credit Line Guarantee Scheme (ECLGS) to enhance the maximum loan amount eligibility for airlines under ECLGS 3.0 to 100 per cent of their fund based or non-fund based loan outstanding or Rs 1,500 crore, whichever is lower; and of the above, Rs 500 crore shall be considered, based on equity contribution by the owners.
