People School

The big budget numbers NOMINAL GDP PROJECTION FY20 ESTIMATE BUDGET TARGET Rs.204 Lakh Crore Rs.211 Lakh Crore NOMINAL GDP GROWTH FY20 ESTIMATE BUDGET TARGET 7.5% 12.0% FISCAL DEFICIT PROJECTION AS OF NOW BUDGET TARGET 3.5% 3.3% CORPORATE TAX REVENUE FY20 SO FAR BUDGET TARGET -0.9% 15.4% INCOME TAX REVENUE FY20 SO FAR BUDGET TARGET 7.1% 20.5% DIRECT TAX REVENUE FY20 SO FAR BUDGET TARGET 2.8% 17.5% CUSTOMS REVENUE FY20 SO FAR BUDGET TARGET -12.5% 32 % EXCISE REVENUE FY20 SO FAR BUDGET TARGET -3.8% 13.6 % INDIRECT TAX REVENUE FY20 SO FAR BUDGET TARGET -1% 19.1% TOTAL TAX REVENUE FY20 SO FAR

Bad Loan Warning RBI report expects NPAs to rise. Bank’s gross NPA in September 2020 seen up on weak macro-economic scenario. Seeing slow progress on revised bad loan framework. Gross NPAs may touch 10% by Sep, 2020. RBI report on FISCAL deficit: Terms the 3.3% target as ‘challenging’. GROSS NPAs of SCBs: Baseline case (Y-o-Y) September 2019 9.3% September 2020 9.9% Per RBI Report GROSS NPAs: Severe Stress case (Y-o-Y) September 2019 9.3% September 2020 10.5% Per RBI Report GROSS NPAs across PSU Banks (Y-o-Y) September 2019 12.7% September 2020 13.2% Per RBI Baseline Case GROSS NPAs across private Banks (Y-o-Y) September 2019 3.9% September 2020 4.2% Per RBI Baseline Case GROSS NPAs of Foreign Banks (Y-o-Y) September 2019 2.9% September 2020 3.1%