PMO, FinMin to discuss revenue position and ways to augment receipts

It is learnt that Chief Economic Advisor Krishnamurthy Subramanian will give a presentation to PMO officials

Senior officials of the finance ministry are expected to brief their counterparts in the Prime Minister’s Office (PMO) on Monday regarding the Centre’s stressed revenue position and ways to augment receipts at a time when the Indian economy is on track for a contraction due to the Covid-19 pandemic.

The possible measures that could be discussed include further rationalising rates through re-positioning some items in the inverted duty structure by the Goods and Services Tax (GST) Council, recovering amounts stuck in disputes, and, on the non-tax side, seeking higher dividends from state-owned companies and banks and the Reserve Bank of