Tag: Tax collections slide

Fiscal deficit of states to hit peak of Rs 8.7 lakh crore as tax collections slide

NEW DELHI: The Covid pandemic-induced lockdown and consequent slump in economic activity will hit tax collections of states and result in a near four-fold expansion in their revenue deficits this fiscal, year-on-year, ratings agency Crisil said in a report. With this, the states’ aggregate gross fiscal deficit (GFD) will not only get expanded to an […]

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