The Government of India has received Rs 12,83,314 crore (80% of corresponding RE 2020-21 of Total Receipts) upto January, 2021 comprising of Rs 11,01,855 crore Tax Revenue (Net to Centre), Rs 1,41,104 crore of Non Tax Revenue and Rs 40,355 crore of Non Debt Capital Receipts. Non-Debt Capital Receipts consists of Recovery of Loans (Rs 15,804 crore) and Disinvestment proceeds (Rs 24,551 crore).
A total of Rs 4,08,873 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto January, 2021. Total Expenditure incurred by Government of India is Rs 25,17,318 crore (73% of corresponding RE 2020-21), out of which Rs 21,55,210 crore is on Revenue Account and Rs 3,62,108 crore is on Capital Account. Out of the Total Revenue Expenditure, Rs 5,19,597 crore is on account of Interest Payments and Rs 2,52,656 crore is on account of Major Subsidies.
Read more about Centre lifts embargo on grant of govt businesses to private banks on Business Standard. Move will spur competition, promote efficiency in customer service standards
Reported sales nilNet Loss of Atlanta Infrastructure & Finance reported to Rs 0.01 crore in the quarter ended December 2020 as against net loss of Rs 0.02 crore during the previous quarter ended December 2019. There were no Sales reported in the quarter ended December 2020 and during the previous quarter ended December 2019.
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The Bihar government on Monday presented a Rs 2.18 lakh crore budget for 2021-22 fiscal in the Assembly, with no new tax and a thrust on infrastructure and social sectors. Presenting the revenue-surplus budget in the House, Deputy Chief Minister Tarkishore Prasad, who holds the finance portfolio, proposed to introduce a separate department for skill development and entrepreneurship. We have presented a budget of Rs 2,18,302.70 crore for 2021-22, which is Rs 6,541.21 crore more than the total estimates for the current fiscal. The revenue surplus is estimated at Rs 9,195.90 crore, he said. In his maiden budget speech, Prasad said the state government made the highest allocation of Rs 38,035.93 crore for the education sector, followed by Rs 16,835.67 crore for rural development, Rs 15,227.74 crore for roads, Rs 13,264.87 crore for health and Rs 8,560.00 crore for energy.
Finance Minister Nirmala Sitharaman on Sunday said the Union Budget 2021-22 is about the role of government as a facilitator and the private sector as a key driver of economic growth, without which the country would be losing a big opportunity. The most important component or input required here is the participation of the private sector. Unless the private sector is energised enough, unless it is facilitated enough, India is just losing a very big opportunity, Sitharaman said here during the interactive session organised by the Bangalore Chamber of Industry and Commerce. Sitharaman underlined that the nation s growing and aspiring needs and demands across the various sectors cannot be served just by the state government and central governments put together.