business news, Direct tax collection is Rs 15.60 lakh crore profit

Top 500 private companies, and government with direct tax collection of 15.60 lakh crore profit, and reduction of government debt will boost growth, Shaktikanta Das believes.

If government debt decreases, growth will increase

RBI Governor Shaktikanta Das has said that the government's low level of borrowing will help increase capital in the private sector, resulting in lower inflation and higher growth.

In this regard, he further informed that: Finance Minister Nirmala Sitharaman has proposed to borrow 14.13 lakh crore rupees in her interim budget to overcome the revenue shortfall in the next financial year. This is lower than last year's total credit estimate of Rs 15.43 lakh crore.

And this year's debt levels are lower than expected. Lower borrowing by the government will ensure more funds are available in the banking system. This will help meet the needs of the private sector and lead to growth. He said this.

Electric vehicle sector to reach Rs 3.32 lakh crore by 2030

By 2030, Tamil Nadu is expected to capture 30 percent of the country's production of electric vehicles, which will reach a value of nearly 3.32 lakh crore rupees, according to the industry.

The electric vehicle industry is currently focusing on creating a comprehensive manufacturing environment that includes production of electric vehicle components, raw materials, machinery and equipment, research and development. Following this, the industrial sector of Tamil Nadu has a huge investment opportunity, especially in some segments of the electric vehicle sector.

Further, in order to attract investors, especially in the segments of two-wheelers, three-wheelers and light commercial vehicles, following the government's active efforts in creating an environment for this, the Tamil Nadu electric vehicle sector is expected to reach 3.32 lakh crore rupees by 2030, the industry said.

Direct tax collection is Rs.15.60 lakh crore

Net direct tax collection so far in the current financial year has increased by 20 per cent to Rs 15.60 lakh crore over the previous year; This is 80 per cent of the revised budget estimate for the full financial year, the Central Board of Direct Taxes said.

According to the statistics of direct tax collections, the tax revenue continues to register steady growth. The total direct tax collection till 10th of this month is 18.38 lakh crore rupees.

This is 17.30 percent higher than the total revenue collected last year. Also, the net revenue towards refunds in direct tax collection is Rs 15.60 lakh crore. This is 20.25 percent higher than last year. This is 80.23 percent of the revised budget estimate for the current financial year.

Top 500 Private Companies of the Country

Total market value
RS, 231 lakh crores

Total employees
70 lakhs
 
Leading companies
Reliance...market cap..15.6 lakh crore.
TCS,...market cap..12.4 lakh crore.
HDFC,...market cap..11.3 lakh crore.

Leading Sectors

Finance..76

Sanitation...58
Consumer Goods...38
 
Company (Number)
Leading cities
Company (Number)
Bengaluru...59
Mumbai..156
New Delhi..39

The total market value of the country's top 500 private sector companies is 231 lakh crore rupees, which is equal to 71 percent of India's gross domestic product. According to the report of 'Burgundy Private and Hurun India'. It is also reported that this is more than the combined GDP of Saudi Arabia, Switzerland and Singapore.

Source: Burgundy Pvt and Hurun India