The government will have to borrow money to combine the two ends

-

Mumbai, Ta. September 20, 2019, Friday

A few more steps announced today as part of the reform measures launched by Finance Minister Nirmala Sitaram for the last one month to boost the country's economy will hit the country's treasury by Rs 1.5 lakh crore annually. In addition, the state treasury is expected to hit Rs. Thus, the total deficit is estimated to be Rs 1.5 lakh crore.

It is not yet clear how this amount will be compensated, but due to these measures, the possibility of increasing fiscal pressure in the coming days is not ruled out.

The adverse effects of the ongoing economic downturn around the world, including India, are being reflected in the country's income tax. The current fiscal year recovery of Goods and Services Tax (GST) has not been as expected and the revenue growth through direct taxes has been poor.

In the first six months of the current financial year, advance tax collections have been high at 5%, compared to 5% in the same period last year. If the current fiscal year's target for direct tax collection is to achieve the target, then the recovery will have to be increased by 5% in the remaining six months. The August GST figures were below Rs 1 lakh crore.

Given the pressure on the government treasury due to a series of concessions, the government will have to take measures to increase revenue to curb its fiscal deficit, said one analyst. For this, the government will have to borrow money from the market at the end of the current fiscal year. In addition, the government has also announced to raise Rs 5 crore in nationalized banks. Keeping in view the recent Rs 1.8 lakh crore receipt from the Reserve Bank, the government will have to look at how it handles fiscal pressure. Providing concessions, it is expected that the economy will increase in demand and thereby increase the revenue through government tax. The analyst added that the government will have to see how much this expectation fades during the coming festivals.

Although the Reserve Bank of India has reduced the repo rate by 5 basis points since February this year, there is no expected increase in industrial investment in the country. In view of this fact, the government has been forced to make a decision to reduce corporate tax from 5% to 5%.

Comments

Post a Comment

Popular posts from this blog

Due to the ban, employment and economic activity declined by two to three percent

-
Image
New delhi date. October 7, 2019, Monday A new study has found that employment and economic activity have declined by two to three percent due to the ban. A similar situation has been observed in bank lending. The study found the decline to occur within two months of the notation announced on November 7. This is the first research on demineralization in which data on the effects of districts across India were collected. In addition to the districts, the effect of national level was also studied. Previous studies only examined the national level effect of demonitization. Thus, a full estimate of the overall effect is not known. As a result of the shortage of cash arising out of the blockade, the country's economic activity fell by approximately 8 percent in November-December 2 In the October-December period, bank credit has seen an impact of around two per cent. Cash pulls have impacted demand for a short period. The study found that there was a strong link between money and pro...
Read more

Information about soymilk and casein products

-
Image
- Industrial guidance - Dhiru Parekh Soymilk: Soybeans are converted to high-quality protein. So that high quality drinks can be made which can be easily digested. There is no difference between soymilk and cow's milk. So the conservative industries of milk processing are now using this milk to make yogurt and ice cream. Consumers also cannot tell the difference between ice cream made from cow's milk and from soy milk. Also, the production capacity of soy milk can be increased than that of cow's milk. And the price can be cheaper. Soybeans mainly contain two types of enzymes that are inactivated in the soymilk process. Leukoxidase that catalyzes the oxidation of fatty acids. And enzymes like pepsin, trypepsin are included in it. Which helps in digesting protein. Soyamilk powder manufacturing process: This is an electric pre-heater system. which basically allows fluid to flow easily in a stationless tube under low-voltages. which absorbs the energy flowing through the Ja...
Read more

The brokerage firm objected to SEBI's new proposal regarding Algo Trading

-
Image
MUMBAI: Brokerage firms and fintech companies have objected to market regulator SEBI's discussion paper considering all stock trading orders issued through Application Programming Interface (API) as separate trading, saying it could adversely affect the growth of such trading from India. Algo trading is considered to be an automatic buying-selling system based on algorithms. SEBI has recently said in a discussion paper that it would create a framework for regulating Algo trading by retail investors. A senior official of a brokerage firm said that monitoring of Algo trading is a need of the hour, but such an attempt could hamper the growth of Sebi Algo trading. He added that if the suggestions made in the SEBI discussion paper were implemented, it would be difficult for brokers to make the API available. About 70% of the daily trading volume in Indian stock markets is transacted through advanced forms of algo trading. Algo Trading came to India in the year 2006, but then only se...
Read more