What is Revenue

Revenue

About Revenue

What is Revenue

Government revenue refers to all the income of the government from taxes and non-tax sources. These funds are used for government expenditure. Government revenues and spending are an important part of fiscal policy of the government.
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Revenue refers to all the receipts of the government from taxes, custom duties, revenue from state-owned enterprises, capital revenues and foreign aid.
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Revenue is generated from mainly two types of sources:
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Tax revenue: Taxes on incomes of individuals and corporations and also on the goods and services produced.
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Non-tax revenue: Dividends from state-run companies, central bank revenue and capital receipts in the form of external loans and debts from international financial institutions.
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India’s total revenue in the April-November quarter of FY20 increased 12.9 per cent to Rs 10.12 trillion. It was 8.97 trillion in the same period in FY19.
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Government revenues averaged Rs 3.09 trillion from 1997 until 2019, touching an all-time high of Rs 16.66 trillion in March 2019.
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Latest Updates on Revenue

UP govt hikes excise revenue target for FY23 to Rs 41,000 crore

2 min read Last Updated :Jan 02 2022 | 4:52 PM IST
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Divergence in revenue estimates due to early Budget or lack of discipline?

4 min read Last Updated :Jun 03 2021 | 5:15 PM IST
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Budget Byte: Will the states finally get their full share of tax revenue?

2 min read Last Updated :Jan 12 2021 | 12:48 PM IST
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Revenue to disinvestment: Govt short of finances as it tries to fix economy

7 min read Last Updated :Sep 10 2020 | 11:33 AM IST
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Fiscal realities: Why govt cannot respond to Covid-19 crisis more fully

4 min read Last Updated :Jul 06 2020 | 7:22 AM IST
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30% tax on non-virginia tobacco can bring Rs 30,000 cr revenue: NHM

2 min read Last Updated :May 18 2020 | 8:53 PM IST
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Shares bought on January 31 cannot be sold on the Budget day. Here's why

3 min read Last Updated :Feb 01 2020 | 8:33 AM IST
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Budgetary over-reach: There is a price for trying to do too much in Budgets

4 min read Last Updated :Jan 25 2020 | 12:02 AM IST
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