[ad_1] Revenue Secretary Tarun Bajaj on Thursday said tax revenue collection in the current fiscal is expected to be much better than the budget estimate.In the last fiscal, there was an increase of 20 per cent in indirect taxes and 49 per cent in direct taxes. The tax-to-GDP ratio rose to 11.7 per cent in 2021-22 – the highest since 1999. In 2020-21, the ratio was 10.3 per cent. The country’s tax collection touched a record high of Rs 27.07 lakh crore last year as compared to the budget estimate…
Tag: FY23
RBI retains FY23 GDP growth forecast at 7.2%
[ad_1] reserve Bank of India (reserve Bank of India) on Wednesday kept its FY23 real economic growth forecast for the country unchanged at 7.2%, indicating that the risks are more or less evenly balanced since the April forecast. It now projects real GDP growth in Q1 at 16.2%; Q2 at 6.2%; Q3 at 4.1%; And Q4 at 4%. The forecast appears to be in a decreasing favorable base effect with the passing quarter of this financial year. The central bank refrained from revising its GDP growth forecast or inflation forecast…
SBI to accelerate digital agenda in FY23: Chairman Dinesh Khara
[ad_1] state Bank of India ,State Bank Of India) will intensify its digital agenda at the level of its front and back offices in the current fiscal, Chairman Dinesh Khara said in the bank’s annual report for FY12. The lender intends to expand the scope and reach of its app YONO and enhance the user experience of the platform. In business operations, your bank will leverage internal data and advanced analytics for deeper insights on its best possible use,” Khara said in its message to shareholders. Mutually beneficial partnerships with…
Will invest Rs 77- 96 crore in router marketing in FY23; Aim to achieve revenue of Rs 60 crore
[ad_1] Game streaming platform Rutger aims to achieve Rs 60 crore gross revenue by the end of FY23, Rutger’s founder and CEO Piyush Kumar told Brandwagon Online, though he declined to comment on losses for the year. The platform which currently claims to have 11.46 million Monthly Active Users (MAUs), is expecting to see a growth of 118% in its user base to 25 million MAUs in this financial year. “We used to have 50,000 content creators at the beginning of last year (January 2021) and we currently have close…
Upgrade overseas to end FY23 as a profitable division; $150 million revenue target by FY24
[ad_1] upGrad Abroad, the overseas education division of ed-tech firm upGrad, plans to generate revenue of $150 million by the end of FY24, Ankur Dhawan, president, upGrad Abroad, told FE Education, adding that the division Will be profitable by the end of this financial year. However, he refused to give exact details. “We plan to partner with four to six universities in the United States (US) every quarter. This we intend to achieve through the launch of new programs in areas such as Alabama and Florida. In addition, We plan…