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Centre's non-tax revenue growth pegged at 11.2% to Rs 2.72 trillion in FY20

Centre expects Rs 28K crore interim dividend from RBI; disinvestment target raised to Rs 90K crore for FY20

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Interim Budget 2019: Finance Minister Piyush Goyal will present the Budget

Last Updated : Feb 02 2019 | 2:28 AM IST

The Centre’s non-tax revenues are budgeted to increase by 11.2 per cent to Rs 2.72 trillion in (FY20) 2019-20 (Budget Estimates, or BE), up from Rs 2.45 trillion in (FY19) 2018-19 (Revised Estimates, or RE), according to the interim Budget. The non-tax revenues are estimated to have grown by 27.3 per cent in FY19 (RE).

Despite a shortfall in dividend proceeds from public sector companies and proceeds from communication services, the government expects to marginally better its non-tax revenue target in FY19, as it expects an interim dividend of Rs 28,000 crore from the Reserve Bank of India (RBI).

The

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