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February 28, 2001                                       Feedback  

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Hopes soar high, 11.25% increase aimed for '01-02

BS Bureau

In the Union Budget for 2001-02, the government has budgeted for a 11.25 per cent increase in the non-tax revenue to Rs 687.14 billion from Rs 617.63 billion in the revised estimates for 2000-01.

In the budget estimates for 2000-01, the government had estimated non-tax revenue to the tune of Rs 574.64 billion, which has increased 7.48 per cent in the revised estimates.

Government's revenue from user charges is budgeted to increase by over 12 per cent to Rs 140.67 billion.

The net receipts from user charges are expected to increase by 13 per cent from the revised estimate level of Rs 57.92 billion in 2000-01 to Rs 65.45 billion in 2001-02. Receipts from petroleum are budgeted to fall short of the 2000-01 budget estimate level of Rs 38.12 billion to Rs 26.28 billion in the revised estimates for 2000-01. For 2001-02, however, a growth of nearly 41 per cent to Rs 37.06 billion is projected.

User charges from transport, comprising survey and registration fees of ships and from the use of highways and bridges are budgeted at Rs 1.29 billion, an increase of a mere Rs 600,000 over the current fiscal.

Interest receipts from the Railways, which were pegged at Rs 6.15 billion in the last year's Budget have been shown as Rs 5.84 billion in RE for 2000-01. In case of BE for 2001-02, they have been shown as Rs 13.52 billion after taking into account the deferred dividend of Rs 10 billion.

During 2001-02, the Central government's interest receipts are projected to increase by 9.4 per to Rs 415.78 billion over RE for 2000-01.

In BE for 2001-02, the share of dividends and profits is projected to increase to Rs 162.29 billion, an increase of 14.61 per cent over the REs for 2000-01.

Dividend from PSUs and other investments is expected to grow to Rs 54.195 billion during 2001-02, an increase of nearly 37 per cent over the RE for 2000-01. Dividends from PSEs were, however, Rs 1.15 billion lower than the BE for 2000-01.

On the other hand, dividends from RBI, nationalised banks and financial institutions are projected to grow about 6 per cent over the RE for 2000-01 to Rs 108.09 billion. The government revised these dividend receipts upwards from the BE for 2000-01 by over 30 billion in the RE.

The receipts from telecom sector are estimated at 100.01 billion against Rs 198.14 billion in the BE for 2000-01 due to corporatisation of the department of telecom services into Bharat Sanchar Nigam Ltd.

Source: Business Standard

The Budget 2001-2002 Special
The Rediff-Business Standard Budget Special

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