Page 6 - Revenue Collection

Airtel, Vodafone Idea's Q1 mobile revenues to fall due to lockdown: Report

APRU is expected to decline sequentially in Q1 of 2020-21 after healthy growth in the preceding quarter (Q4FY20)

April-May fiscal deficit at 58.6% of fiscal year target as revenue slumps

Total revenue was Rs 45,498 crore, or 2 per cent of the budgeted estimate of Rs 22.46 trillion, compared to 7.1 per cent for the same period last year.

Compensation has become the biggest issue in GST: Sushil Kumar Modi

Modi tells Dilasha Seth that the proposed reforms like simplified return form and e-invoicing facility, among others, will be difficult to push through in the fourth year.

Centre profiteering from price hike, says Sonia; Pradhan rebuts charges

Pradhan, however, said Congress-ruled states were equally responsible for an overall rise in oil prices

Direct tax mop-up rises 39% amid sharp decline in disbursement of refunds

Collections may come under pressure once the base effect wears off

CEA Krishnamurthy Subramanian sees FY21 fiscal deficit at over 5%

No doubt that economy will contract in Q1, Krishnamurthy Subramanian says

Saregama India Q4 net profit down 10.3% to Rs 14.8 cr; revenue slips 14.27%

Revenue from music stood at Rs 91.74 crore during the quarter under review, while that from films/television serials was at Rs 16.45 crore

The problem of tax buoyancy

The Union government's tax buoyancy has never been very high

Covid-19 crisis: Govt wants PSUs to ramp up dividends, share buybacks

With Covid-19 set to hit FY21 revenue mop-up, Centre looks for options

L&T Tech Services goes after new streams of revenue amid Covid-19 crisis

As Covid-19 hits the global economy hard, the company refrained from giving any growth guidance for the ongoing fiscal

Not a single demand made by states has been met: West Bengal FM Amit Mitra

The Union Finance Minister's press conferences makes it appear that India is ruled by the central government, says Amit Mitra

As coronavirus forces lockdown, govt's budgetary targets go for a toss

Divestment shortfall could be Rs 15K cr, against revised estimates of Rs 65K cr

Govt halts three crucial policy initiatives as revenues shrink: Report

ndia's income tax revenues contracted 3.5% in the first 11 months of the current fiscal year, which began in April 2019, and income from other taxes grew by a meagre 3.8%

Oyo's revenue surges 4 times to $951 million in FY19, but loss widens too

The SoftBank-backed firm has been reported to have been in the process of laying off close to 2,000 employees as it shifts focus towards profitability

Nirmala Sitharaman's Budget again reveals structural fiscal constraint

It recognises it cannot afford space for expansionary fiscal policy

Rane Engine posts Q3 net loss at Rs 5 crore

The firm recorded a net loss at Rs 3.4 crore during the corresponding quarter the previous year.

RBI may discuss interim dividend issue in board meet amid revenue shortfall

If the RBI board agrees to interim dividend based on their six-month performance, it would provide some financial relief to the government, sources added.

Govt may seek another interim dividend from RBI as revenue drops: Report

The fresh call comes just months after the Reserve Bank of India (RBI) approved a 1.76 trillion rupees ($24.8 billion) dividend payment to the federal government

India should maintain fiscal deficit; needs revenue mobilisation: Gopinath

India's consolidated deficit (the Centre and states combined) is the highest among the G20 nations, she added.

Patanjali's Apr-Sep revenue at Rs 3,562 cr, highest for a half-year period

The company had reported a revenue of Rs 937 crore and Rs 1,576 crore in June quarter and September quarter of 2018-19, respectively.