ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Macroeconomic Indicators

The budgetary position of central government for the half year ending September 2012 shows that growth in direct tax revenue was higher than a year ago – corporate tax by 12.2% against 3.4% and income tax by 24.7% against 17.3%. Growth in indirect tax revenue reflected a contrast – customs duty increased by 5% against 22.5%, excise duty by 13.7% against 13.9% and services tax by 32.5% against 37.5%. Overall tax revenue grew faster at 15% against 13.9%. The primary deficit at Rs 2.06 lakh crore already exceeded the budget estimates of Rs 1.94 lakh crore.

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