Centre expects net direct and indirect tax collections combined to exceed budget targets so much so that it may still enable the government to meet the fiscal deficit target for FY23. Anonymity in all retail CBDC wallet-to-wallet dealings shall boost customer confidence to use the digital rupee in India. Read more on these in our morning brief of top headlines.
Centre still hopeful on 6.4% fiscal deficit on back of tax revenue gains
The Finance Ministry is expecting net direct and indirect tax collections combined to exceed budget targets by as much as Rs 4.5 trillion, a boost which may still enable it