Experts had been looking out for how increased

Experts had been looking out for how increased

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cheap nba basketball jerseys «Notwithstanding the low crude prices and increased excise on petrol and diesel, Ind Ra estimates the gross and net tax revenue of central government in FY21 to fall short of the budgeted estimate by Rs 4.32lakh crore and Rs 2.52 lakh crore, respectively,» the report said. The centre’s gross and net tax revenuehas been estimated to be Rs 1.73lakh crore and Rs 1.20 lakh crore, which is less than the FY20 revised estimate.»This would translate into a revenue shortfall of Rs 1.62lakh crore from the FY20 revised estimate,» the report said.The reportalso says that the revenue shortfallwould account for 95.1 percent of the increased borrowings, leaving a purse of just around Rs 20,000 crore for the central government to provide fiscal stimulus.Track this blog for latest updates on the coronavirus outbreak»This is too small an amount to make any difference to the sagging economic activities/demand,» the report said.The report said thatthe onus is on the central government to provide support to not only vulnerable sections of the society but also state governments, because the actual battle against COVID 19 and associated expenditure is incurred by the state governments.To combat the economic fallout of the pandemic, Prime Minister Narendra Modi announced a relief package of Rs 20 lakh crore. While announcing the various tranches, finance minister Nirmala Sitharaman last week gave out the break up on Rs 20 lakh crore.Experts had been looking out for how increased government spending would help the economy get going. cheap nba basketball jerseys

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