Skip to main content

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
 
Tags:

Comments

Post a Comment

Like this 22k jewelers blog?

Popular posts from this blog

At one time, the tax rate in India was 97.50

Many feel that foreign countries tax the rich very heavily and India does not. But did you know that at one time India had to pay 97.50 percent of income tax? Indira Gandhi What is the historical tax rate in India Debates such as distribution of wealth and introduction of inheritance tax have arisen and are currently being discussed in a frenzy. But, in our country, 50 years ago, maximum tax was collected up to 97.50 percent. There was such a period in India. During Indira Gandhi's tenure as Prime Minister, income tax in India was as high as 97.50 percent. However, this collection came to an end shortly after. Indira Gandhi saw taxation as an important mechanism to balance income and wealth. Based on this, in February 1970, he presented the budget in Parliament and addressed it. Social welfare was the theme of the budget. Since the green revolution was taking place, various announcements related to the agriculture sector were included in the budget. A huge sum...
Post a Comment
Read more

Why stock market investment tips don't work in india

It is said that proper research and analysis are necessary for direct investment in stocks. However, many investors seek tips that point to stocks that can be profitable.    Stock market why stock market investment tips don't work properly Although they attract recommendations to buy or sell specific stocks, they can cause problems in practice. Especially now, with the influence of social media, stock recommendations are followed by many people. Let's look at the problems in investing in stocks based on tips. Stock Guidance: It is natural to be interested in knowing stocks that can win among thousands of stocks. But finding them is difficult. That is why many people believe that investment tips will answer this. These tips do not contain investment-related guidance. New Trends: Not only stocks, but also mutual fund schemes are given tips. These are like the technology sector is the future or the pharmaceutical sector is now safe. The basics of this strategy and th...
Post a Comment
Read more

India will be the global gold price setting body

New Delhi: India is planning to become a gold price setter, the Chamber of Commerce of India said at a gold and gemstone conference. The industry said at the event, Gold price India will emerge as a country that sets gold prices India is a global gold price s etter. Instead, it should become a gold price setter. Domestic mining will help in this. Domestic production will meet 20 percent of the country's gold demand in the next decade. Due to insufficient domestic gold production and the lack of a gold banking system, we have to depend on the London market price. In the next 2-3 years, India will emerge as the world's jewelry hub. Gold and jewelry purchases should be honest and transparent. The Indian Standards Institution plays a key role in determining the quality of gold. Similarly, the OECD and London Bullion Market Association standards can also be adopted or equivalent standards can be developed. Similarly, the ban on the export of 24-carat gold from India h...
Post a Comment
Read more