"The two numbers, though somewhat in terms of fiscal deficit and infrastructural statistics, have assured the Center of relief".
There has been a huge deficit in the government's coffers during the Corona virus. This news is known through today's press conference. Shrinkage in government infrastructure.
The government's fiscal deficit is going to widen, but even after that, the two numbers are giving some relief to the government. Yesterday, our central government reported that the eight major infrastructure sectors had shrunk by about 0.8% in September, six months in a row.
In fact, they attribute the contraction to the decline in crude oil, natural gas, cement production and other factors that led to the problem last month.
But government officials say the infrastructure has shrunk much faster than expected after a long lockdown. The contraction rate in September is known to be the lowest in the last seven months.
In addition, our central government has stated that it has reached the exchequer between April and September, which was about 114.7% of the budget target, which is Rs 9.14 lakh crore.
As of a year ago, it was 92.7%. In this case, the government has further argued that the way the tax collection has decreased due to the virus and the way the cost has increased, the amount of this deficit will be much wider.
Now that the lockdown has eased in the current situation, the rate of GST collection has increased since last month and a lot depends on how much it can increase further.