Home » News » Banking & Finance » Monthly Review of Accounts of Union Government of India upto the month of July, 2020 for the Financial Year 2020-21

Monthly Review of Accounts of Union Government of India upto the month of July, 2020 for the Financial Year 2020-21

The Monthly Account of the Union Government of India upto the month of July, 2020 has been consolidated and reports published. The highlights are given below:-

The Government of India has received Rs. 2,32,860 crore (10.4% of corresponding  BE 2020-21 of Total Receipts) upto July, 2020 comprising Rs. 2,02,788 crore Tax Revenue (Net to Centre),  Rs. 24,614 crore of  Non Tax Revenue and Rs.5,458 crore of Non Debt Capital Receipts. Non Debt Capital Receipts consists of Recovery of Loans (Rs. 5,455 crore) and Disinvestment proceeds (Rs. 3 crore)

Rs. 1,76,009 crore has been transferred to State Governments as Devolution of Share of Taxes by Government of India upto this period which is Rs. 23,903 crore lower than the previous year.

Total Expenditure incurred by Government of India is Rs. 10,54,209 crore (34.65% of corresponding BE 2020-21), out of which Rs. 9,42,360 crore  is on Revenue Account and Rs. 1,11,849 crore is on Capital Account. Out of the Total Revenue Expenditure, Rs.1,98,584 crore is on account of Interest Payments and Rs.1,04,638 crore is on account of Major Subsidies.

About IIPnews

Leave a Reply

Your email address will not be published. Required fields are marked *

*

x

Check Also

Scheduled Commercial Banks recover Rs 90 crore from financial frauds in last 5 years

Cyber financial frauds in banking primarily relate to frauds that have taken place on ATM/ ...

Strengthening the Cooperative Movement

State wise list of Non- Credit and Credit Cooperative Societies as per Statistical Profile of ...

21.52 crore loans extended to women borrowers under Pradhan Mantri Mudra Yojana (PMMY) since inception

As on 29.10.2021, 21.52 crore loans have been extended to women borrowers by Member Lending ...

Gross Direct Tax collections for the Financial Year (FY) 2021-22 register a growth of 47%

The figures of Direct Tax collections for the Financial Year 2021-22, as on 22.09.2021 show that net collections are ...

AJNIFM partners with Microsoft to build an AI and Emerging Technologies Centre of Excellence

 The Arun Jaitley National Institute of Financial Management (AJNIFM) and Microsoft signed a Memorandum of ...

Exchange Rate Notification No.57/2021 – Customs (N.T.)

In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 ...

Revenue Deficit Grant of Rs. 9, 871 crore released to 17 States

The Department of Expenditure, Ministry of Finance on Tuesday released the 3rd monthly installment of Post ...

GST compensation shortfall released to States reaches Rs. 1.04 Lakh crore

18th Instalment of Rs. 4,000 crore released to the States on Monday, 1st March, 2021 ...

GST Revenue collection for February 2021

                              ...

DGGI Gurugram arrests man for fraudulently availing input tax credit of more than Rs 69 crore

The Directorate General of GST Intelligence (DGGI) Gurugram Zonal Unit (GZU), Haryana has arrested one ...

WP2Social Auto Publish Powered By : XYZScripts.com