GOI has spent 77% more than its income in 2019-...

GOI has spent 77% more than its income in 2019-20 so far

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The Government of India has received Rs.9,34,460 crore up to Oct 2019. Out of this, 73% is from tax revenue; 24% non-tax revenue; 1% from recovery of loans; 2% from disinvestment proceeds. The total expenditure incurred is a whopping 177% of the total revenue.

Out of the total expenditure, a good 20% goes to service debt via interest payments. Another 16% is due to major subsidies. Unless the revenue-expenditure gap decreases, the infrastructure of the country cannot grow, our tax burden will remain high.

Source:
https://pib.gov.in/Pressreleaseshare.aspx?PRID=...

22 Comments  |  
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Do We Or GoI Need TO Worry ? rolleyes
Experts Put In Your Inputs On This.

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Goi needs to make Manmohan Singh the finance minister

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GOI first need to remove Nirmala Sitharaman from FM

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Wo sb thik he. Lekin kharcha hua kispe?😮😮15 lakh to mile ni mereko. Aadhaar bhi joda hua he bank se mene. Koi batao bhai agar kisiko mila hoga to.

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Half of the expenditure must have been on purchasing of MPs, MLAs, etc.

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P_A_N_K_A_J wrote:

Wo sb thik he. Lekin kharcha hua kispe?😮😮15 lakh to mile ni mereko. Aadhaar bhi joda hua he bank se mene. Koi batao bhai agar kisiko mila hoga to.

15 paise ni mila bandhu bol rhe 15 lakh. 🤣🤣🤣🤣 Sala jhadu wala ata hai subah, complain karta hai ki usse salary regular ni milta. Gormint ki akhaand chud&&p ko naapna itna mushkil kaiko hai, samaj ni ata. Jisko finance kaa f ni pata usse finance minister bana dia, dekhna 2-3 saal baad bolegi apun bideshi finance chizen ni padni chahiye Saab chvtiye hi hain, Saab Pappu hain

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@asoka any views on it bro? It ll be refreshing to hear things from both sides

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bikidas2060 wrote:

15 paise ni mila bandhu bol rhe 15 lakh. 🤣🤣🤣🤣 Sala jhadu wala ata hai subah, complain karta hai ki usse salary regular ni milta. Gormint ki akhaand chud&&p ko naapna itna mushkil kaiko hai, samaj ni ata. Jisko finance kaa f ni pata usse finance minister bana dia, dekhna 2-3 saal baad bolegi apun bideshi finance chizen ni padni chahiye Saab chvtiye hi hain, Saab Pappu hain

Bikidas vibing in the mornings like 

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zafar_khan wrote:

Bikidas vibing in the mornings like 

🤣🤣🤣🤣🤣 haha. First class bhai. Majaa agaya

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bikidas2060 wrote:

15 paise ni mila bandhu bol rhe 15 lakh. 🤣🤣🤣🤣 Sala jhadu wala ata hai subah, complain karta hai ki usse salary regular ni milta. Gormint ki akhaand chud&&p ko naapna itna mushkil kaiko hai, samaj ni ata. Jisko finance kaa f ni pata usse finance minister bana dia, dekhna 2-3 saal baad bolegi apun bideshi finance chizen ni padni chahiye Saab chvtiye hi hain, Saab Pappu hain

Mai kya bolu?
Whatsapp university se degree le aaya aur phd bhi wahin se karenge. PM Modi ne bas yahin kaha ki desh aur videsh mai itna black money hai ki sabko collect kiya to har ek account mai 15 lakh hai aa sakte hai. That was sarcasm. Aur ye ghadhe soch rahe hai ki 15lakh milega. Waise hi jaise desh ka pappu kehta hai ki mai aloo se gold mai convert ker sakta hun . Jabi last 4 decades se lekar rahul Ue unke ancestors jhopde mai khate hai aur baher nikalte hai. Kuch nahi badla wahan. Aur bolne chale amethi ko singapore banayenge. wink

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asoka wrote:

Mai kya bolu?
Whatsapp university se degree le aaya aur phd bhi wahin se karenge. PM Modi ne bas yahin kaha ki desh aur videsh mai itna black money hai ki sabko collect kiya to har ek account mai 15 lakh hai aa sakte hai. That was sarcasm. Aur ye ghadhe soch rahe hai ki 15lakh milega. Waise hi jaise desh ka pappu kehta hai ki mai aloo se gold mai convert ker sakta hun . Jabi last 4 decades se lekar rahul Ue unke ancestors jhopde mai khate hai aur baher nikalte hai. Kuch nahi badla wahan. Aur bolne chale amethi ko singapore banayenge. wink

App bhi sai bol rhe. hmm PM ko ye bolna tha ki" app jab public service use karenge eise lagega jaise 15 lakh ki bhukdaan kiya gaya ho uss byabastha ke liye". Baat ghuma phirake bolna har rajniti wala ka ek swatantra chinha hai. Aur bhai Pappu BJP me bhi hai. ab ek ko hua life time imprisonment. Usko ticket kaun diya tha?? Chinta ke bishay ye hai ki, yahan budhijibiyon ko samman nai tiraskar milta hai. Babu Raghuram Rajan jeise banking seba ki paribartan aur bikas kiya weise koi banker nai kiya, Manmohan Singhji se pahle. Shat pratishat satya hai bandhu. Ye jo FM hain, thik nai kar rhe hain. But bikash toh hoga hi, wo congress ho yaa bjp. Agar 90s ke crash ham jhel liye toh ye kuch bhi nai. Market ki apni chakra hai. Ham bhi market se jude hain toh thoda bahat gyan hame v rahta hai. smile Me saabki pragati ki kaamna karta hun

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P_A_N_K_A_J wrote:

Wo sb thik he. Lekin kharcha hua kispe?😮😮15 lakh to mile ni mereko. Aadhaar bhi joda hua he bank se mene. Koi batao bhai agar kisiko mila hoga to.

: P
#Trust #Innocence

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getready wrote:

: P
#Trust #Innocence

🤣🤣🤣
But still why the depositer hukum singh haven’t stopped adding when he knew money was getting withdrawn without his knowledge??😵🙄 Kuch to gdbd he dya

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P_A_N_K_A_J wrote:

🤣🤣🤣
But still why the depositer hukum singh haven’t stopped adding when he knew money was getting withdrawn without his knowledge??😵🙄 Kuch to gdbd he dya

Simple
The other hukum singh is anti-national because he doesn’t have belief in digital india : P

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bikidas2060 wrote:

App bhi sai bol rhe. hmm PM ko ye bolna tha ki" app jab public service use karenge eise lagega jaise 15 lakh ki bhukdaan kiya gaya ho uss byabastha ke liye". Baat ghuma phirake bolna har rajniti wala ka ek swatantra chinha hai. Aur bhai Pappu BJP me bhi hai. ab ek ko hua life time imprisonment. Usko ticket kaun diya tha?? Chinta ke bishay ye hai ki, yahan budhijibiyon ko samman nai tiraskar milta hai. Babu Raghuram Rajan jeise banking seba ki paribartan aur bikas kiya weise koi banker nai kiya, Manmohan Singhji se pahle. Shat pratishat satya hai bandhu. Ye jo FM hain, thik nai kar rhe hain. But bikash toh hoga hi, wo congress ho yaa bjp. Agar 90s ke crash ham jhel liye toh ye kuch bhi nai. Market ki apni chakra hai. Ham bhi market se jude hain toh thoda bahat gyan hame v rahta hai. smile Me saabki pragati ki kaamna karta hun

Baki sb to theek h, Babu Raghuram Rajan kya bikas kiye bhai? Kya aap vistaar se btaenge

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Awake wrote:

Baki sb to theek h, Babu Raghuram Rajan kya bikas kiye bhai? Kya aap vistaar se btaenge

Deployment of MCLR , rate cuts, deployment of modern technologies in banking etc etc. Bhai Google karna padega. Me qualified nai hun kyun ki chizen thoda complicated ho rha. Han yaad aya bhai, ab jo Saab NPA NPA chik rhe hain, uska clean up drive inhone shuru kiya tha bhai. MCLR kaa saaabse mast feature hai ki, if RBI makes a rate cut, scheduled commercial banks, universally have to pass on the benefits to the end customer. Bhai me ek ek chiz yaad kar kar ke Google maar rha. 🙂

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bikidas2060 wrote:

Deployment of MCLR , rate cuts, deployment of modern technologies in banking etc etc. Bhai Google karna padega. Me qualified nai hun kyun ki chizen thoda complicated ho rha. Han yaad aya bhai, ab jo Saab NPA NPA chik rhe hain, uska clean up drive inhone shuru kiya tha bhai. MCLR kaa saaabse mast feature hai ki, if RBI makes a rate cut, scheduled commercial banks, universally have to pass on the benefits to the end customer. Bhai me ek ek chiz yaad kar kar ke Google maar rha. 🙂

Bhai rate cuts aren’t directly linked to mclr. Recently it has been decided to link repo rate to mclr. Earlier (under RR) it wasn’t, and each bank used to decide its own mclr.
Aur bhai pta hai, there was a time when inflation was low, and crude was at its lowest, while india had one of the highest rates in the world. Ye jo sb slowdown slowdown cheek rh hai na, isi ka parinam hai (one of the many probs). Now governor cannot decrease repo rates further, because there actually is inflation hanging around. He was too stringent when times were good.
Aur ye jo log bol rh h govt has spend …. more than his income. Bhai RR advocated for a scheme that could cost india around 3.6l cr (amount similar to defence budget), idea acha tha, paise kon deta? India ki 20% income debt servicing me jaati hai.
Ab jyada kuch bolunga to log bhakt bhakt shuru hojaenge, but look at a coincidence, RR ka har interview koi election ke around aata hai.

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Awake wrote:

Bhai rate cuts aren’t directly linked to mclr. Recently it has been decided to link repo rate to mclr. Earlier (under RR) it wasn’t, and each bank used to decide its own mclr.
Aur bhai pta hai, there was a time when inflation was low, and crude was at its lowest, while india had one of the highest rates in the world. Ye jo sb slowdown slowdown cheek rh hai na, isi ka parinam hai (one of the many probs). Now governor cannot decrease repo rates further, because there actually is inflation hanging around. He was too stringent when times were good.
Aur ye jo log bol rh h govt has spend …. more than his income. Bhai RR advocated for a scheme that could cost india around 3.6l cr (amount similar to defence budget), idea acha tha, paise kon deta? India ki 20% income debt servicing me jaati hai.
Ab jyada kuch bolunga to log bhakt bhakt shuru hojaenge, but look at a coincidence, RR ka har interview koi election ke around aata hai.

P.s. i am not advocating this govt for anything, and obviously he is a highly educated man and i am obviously not saying whether current governor is independent/better

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Awake wrote:

P.s. i am not advocating this govt for anything, and obviously he is a highly educated man and i am obviously not saying whether current governor is independent/better

Thanks for the clarification bhai. 🙂😍

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Awake wrote:

Bhai rate cuts aren’t directly linked to mclr. Recently it has been decided to link repo rate to mclr. Earlier (under RR) it wasn’t, and each bank used to decide its own mclr.
Aur bhai pta hai, there was a time when inflation was low, and crude was at its lowest, while india had one of the highest rates in the world. Ye jo sb slowdown slowdown cheek rh hai na, isi ka parinam hai (one of the many probs). Now governor cannot decrease repo rates further, because there actually is inflation hanging around. He was too stringent when times were good.
Aur ye jo log bol rh h govt has spend …. more than his income. Bhai RR advocated for a scheme that could cost india around 3.6l cr (amount similar to defence budget), idea acha tha, paise kon deta? India ki 20% income debt servicing me jaati hai.
Ab jyada kuch bolunga to log bhakt bhakt shuru hojaenge, but look at a coincidence, RR ka har interview koi election ke around aata hai.

Bhai pahle Base Rate tha naa. Uske baad MCLR deploy hua 2016 se. 🙂 before MCLR banks were kind of independent in setting in their own base rate, as per their convenience. https://m.rbi.org.in/rbi-sourcefiles/lendingrat...
And system was less transparent. Since 2013-16 Rajan served at RBI and bhai we have seen the rally in the market. Almost every share worked. 🙂 For a while every Bhakt was a big fan of Raghuram Rajan. India has a stupid tradition of giving the coveted Governor post to IAS officers, Raghuram was a pleasant exception. Things went south during demonetization. 🙂

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