The CBDT has issued a directive dated 24.05.2019 by which it has stipulated the budgetary target for the financial year 2019-20. The Budget target for each cadre-controlling Pr. CClT has been fixed keeping in view the revenue potential of the Region. The CCsIT have been directed to allocate the targets to the field units keeping in view the past performance and revenue potential of different charges.
The total budgetary target is a whopping Rs. 13,80,000 crore.
However, whether this target is achievable given the slowdown in the economy as reflected in the poor GDP figures is a moot point.
— EconomicTimes (@EconomicTimes) May 31, 2019
GDP growth slips to 5.8 per cent last quarter, lowest in 2 years. Band, baaja, baarat over folks, time to get down to work!🙏
— Rajdeep Sardesai (@sardesairajdeep) May 31, 2019
And… GDP growth hits 5-year low for Q4 at 5.8%.
Unemployment rate rises to 45-year high of 6.1 per cent in 2017-18.
— Shiv Aroor (@ShivAroor) May 31, 2019
Indian economy grows at 5.8% in January-March, loses fastest growing major economy tag to Chinahttps://t.co/J3hXNk36Nc
— NDTV Profit (@NDTVProfit) May 31, 2019