WHAT IS REVENUE
Revenue
Government revenue refers to all the income of the government from taxes and non-tax sources. These funds are used for government expenditure. Government revenues and spending are an important part of fiscal policy of the government.
Revenue refers to all the receipts of the government from taxes, custom duties, revenue from state-owned enterprises, capital revenues and foreign aid.
Revenue is generated from mainly two types of sources:
Tax revenue: Taxes on incomes of individuals and corporations and also on the goods and services produced.
Non-tax revenue: Dividends from state-run companies, central bank revenue and capital receipts in the form of external loans and debts from international financial institutions.
India’s total revenue in the April-November quarter of FY20 increased 12.9 per cent to Rs 10.12 trillion. It was 8.97 trillion in the same period in FY19.
Government revenues averaged Rs 3.09 trillion from 1997 until 2019, touching an all-time high of Rs 16.66 trillion in March 2019.
RELATED BUDGET TERMS
REVENUE
-
UP govt hikes excise revenue target for FY23 to Rs 41,000 crore
New state excise policy aims to weed out liquor cartels| January 02, 2022, Sunday -
Divergence in revenue estimates due to early Budget or lack of discipline?
Provisional actuals of the Budget for 2020-21 have once again varied sharply from the revised estimates. The variation provides ...| June 03, 2021, Thursday -
Budget Byte: Will the states finally get their full share of tax revenue?
The report of 15th Finance Commission, which will be released along with the Budget, will pave way for tax revenue sharing in ...| January 10, 2021, Sunday -
Revenue to disinvestment: Govt short of finances as it tries to fix economy
The govt's net revenue in the April-July period of 2020 contracted 42%, as its overall expenditure growth was kept at 11%. A K ...| September 10, 2020, Thursday -
Fiscal realities: Why govt cannot respond to Covid-19 crisis more fully
The problem is on both revenue and expenditure sides - the former is shrinking in relation to GDP, and the latter is rising ...| July 03, 2020, Friday -
30% tax on non-virginia tobacco can bring Rs 30,000 cr revenue: NHM
revenue| May 18, 2020, Monday -
Shares bought on January 31 cannot be sold on the Budget day. Here's why
NSE, BSE to conduct a special trading session on February 1; settlement of trades on February 4| January 31, 2020, Friday -
Budgetary over-reach: There is a price for trying to do too much in Budgets
The larger economy suffers more than the central govt, as New Delhi is allowed to get away with behaving arbitrarily and then ...| January 24, 2020, Friday
