Top headlines: Govt stares at revenue shortfall, OTTs tie up with telcos

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Budget 2021: Govt stares at revenue shortfall of Rs 7 trn this fiscal year

Tax collection and the proceeds from disinvestment in state-owned entities are likely to miss the budget estimates target by Rs 7 trillion this fiscal year, two senior officials said. The Budget for FY21 estimated Rs 24.23 trillion to come from direct and indirect taxes and Rs 2.10 trillion from disinvestment, aggregating Rs 26.33 trillion. Read more

Decoded: What are the reasons behind the bull run as Sensex hits 50,000?

One possible reason is that the economy is recovering after an extended period of contraction