Non-Tax Receipts Top Rs 2 Lakh Crore: FinMin

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Government has collected over Rs 2 lakh crore as non-tax receipts in the current fiscal, with biggest pie coming from the dividends paid by state-owned firms and the Reserve Bank.

It had budgeted over Rs 2.21 lakh crore for 2015-16 from non-tax receipts, which include dividends, profits and interests receipts.

Non-Tax Receipts Top Rs 2 Lakh Crore: FinMin

"Annual collection of non tax receipts is over Rs 2 lakh crore. Biggest share flows from dividends paid by Public Sector Undertakings, RBI," a finance ministry tweet said. Finance Minister Arun Jaitely will also inaugurate later today a Non-Tax Receipt Portal (NTRP) developed by Controller General of Accounts(CGA).

The portal (NTRP) provides a one-stop platform to citizens or corporates or other users to make online payment of non-tax receipts to Government of India. For 2015-16 fiscal, Rs 1,00,651 crore has been budgeted from dividends. Of this Rs 36,174 crore is estimated to come from CPSEs and Rs 64,477 crore from banks, financial institutions and RBI.

The ministry has already received a dividend of Rs 65,896 crore from RBI. The Finance Ministry is staring at a shortfall from disinvestment receipts in the current fiscal and has asked PSUs to shell out additional dividend on top of the mandated 30 per cent.

With just 45 days left for the fiscal to end, the government mobilised just Rs 13,330 crore from sale of stake in PSUs as against the budgeted target of Rs 69,500 crore.

Revenue Secretary Hasmukh Adhia had last week said that the government would achieve the tax collection target of Rs 14.49 lakh crore set for current fiscal as it expects Rs 40,000 crore extra mop up from indirect taxes to make up for the shortfall in direct levies.

PTI

Story first published: Tuesday, February 16, 2016, 9:33 [IST]
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