Receipts

Receipts of the Government are classified into Revenue Receipts and Non-Debt Capital Receipts. Revenue receipts include Tax Revenues and Non-Tax Revenues like Interest Receipts, Dividends and Profits from Public enterprises and fees/charges levied for providing various services. Non-Debt Capital Receipts include Recoveries of Loans and Miscellaneous Capital Receipts by way of Disinvestment of Govt.’s equity holdings in Public enterprises, etc. The total receipts [as netted in the Budget Documents] for the year 1996-97 were Rs.134275 crores – an increase of Rs.16239 crores [14%] over the previous year 1995-96.

Tax Revenue collections [net to centre] have gone up from Rs.81939 crores in 1995-96 to Rs.93701 crores during 1996-97 – an increase of 14.3%.

Growth in major tax sources

In the year 1996-97, Customs Duty collections were Rs.42851 Crores as against Rs.35757 crores in the previous year – an increase of 20%. The Corporation Tax increased over the previous year by 13%, Income Tax by 9% and Central Excises by 6%. Collections under all other taxes were Rs.4102 crores as against Rs.3201 crores during last year.

Non -Tax Revenue

Non-Tax Revenue Collections went up from Rs.28191 crores in 1995-96 to Rs.32579 crores during 1996-97, registering an increase of 16%. As a percentage of GDP, it is 2.55% in 1996-97.

Components of Non-Tax Revenue

Interest Receipts of the Government has registered an increase of 20% compared to the previous year. Dividends have gone up by 19%, External Grants by 5% and other items by 1%.

Interest Receipts

The interest received from State/UT Governments during 1996-97 increased by Rs.2161 crores – an increase of 17% over the previous year. The interest received from Public Sector Undertakings went up by Rs.1197 crores during 96-97 over 95-96, registering a significant increase of 43%.

(Rs. in Crores)
Received from	1996-97	1995-96
States/UTs	15163	13002
Railways	1482	1239
Posts, Telecom, & other Departmental Commercial Undertakings	875	671
Public Sector Undertakings	3967	2770
Others	632	748
Total	22119	18430

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Dividends

Dividends received from Public Sector Undertakings during the year 1996-97 were Rs.3855 crores – an increase of Rs.607 cores [19%] over the previous year.

(Rs. in crores)
Year	Progressive Invest-ment	Dividend Received*
92-93	52038	2493
93-94	63006	2451
94-95	71607	2717
95-96	73820	3248
96-97	76844	3855
* The figures are inclusive of Dividend received from RBI @ Rs.1500 crores per year for each of the five years.

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In terms of percentages, the rate of return on Govt.’s Investments during the year 1996-97 was 5% overall and 3% after excluding Dividends from RBI. The rate of return from investments (other than RBI) has increased significantly from 1.5% in 93-94 to 3% in 96-97.

Non-Debt Capital Receipts

Receipts on Dis-investment of Government’s Equity Holdings in Public Sector Undertakings were Rs.379.67 crores during 1996-97 against a Revised Estimate of Rs.500 crores. Government also received Bonus shares worth Rs.75.10 crores. Recoveries of Loans were Rs.7540 crores during 1996-97 – up by Rs.1035 crores [16%] over the previous year.