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Moderation in revenue collection due to the COVID-19 crisis is the main reason

The tax revenue collection was 42.1 per cent of BE of 2020-21, compared to 45.5 per cent of BE (2019-20) during the corresponding period a year ago. Non-tax revenue was 32.3 per cent of BE. , , fiscal deficit, government, economy

Govt expects GDP to contract 7.7% in FY21 All sectors, barring agriculture and electricity, are likely to see contraction in FY21, with 'trade, hotels, transport, communication and services related to broadcasting' expecting to see massive contraction of 21.4 per cent Chitranjan Kumar | January 8, 2021 | Updated 17:02 IST Govt pegs FY21 GDP growth at -7.7% The Indian economy is expected to contract by 7.7 per cent in the current financial year, as compared to the growth rate of 4.2 per cent in 2019-20, as per the first advanced estimates of the national income released on Thursday, January. ...

Govt expects GDP to contract 7.7% in FY21 All sectors, barring agriculture and electricity, are likely to see contraction in FY21, with 'trade, hotels, transport, communication and services related to broadcasting' expecting to see massive contraction of 21.4 per cent Chitranjan Kumar | January 8, 2021 | Updated 17:02 IST Govt pegs FY21 GDP growth at -7.7% The Indian economy is expected to contract by 7.7 per cent in the current financial year, as compared to the growth rate of 4.2 per cent in 2019-20, as per the first advanced estimates of the national income released on Thursday, January. ...