INSUBCONTINENT EXCLUSIVE:
MUMBAI: After the lower than expected Good and Services Tax (GST) collections in August over the previous month, analysts said lower
points) shortfall in government revenue
collections for August were up 0.5 per cent over July and 1.5 per cent over August last year to Rs 94,400 crore, trending 2 per cent lower
cent YoY against 18 per cent budgeted
said CLSA.
By announcing that it will borrow less from the debt market, the government is signalling that its finances are under control and
agencies such as the FCI (food subsidy), BMTC (housing for all), NHAI and railways
While the same is good for G-Sec yields near term, the resulting crowding out may already be hurting the private financial and corporate
