Challenges before Narendra Modi, Arun Jaitley ahead of Budget 2019
Shortfall in GST collections, telecom sector revenues, divestment revenues and some shortfall in direct tax receipts (going by the caution displayed by CBDT chairman recently) could upset the targeted budgeted revenues.
Despite customs duty revenues being better than budgeted, net indirect tax receipts till November were only 49.4 per cent of estimates compared with 57 per cent last year. Photo source: Reuters