Tag: Latha Venkatesh

Government finances: Key trends and peculiarities

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

The fiscal numbers in terms of total receipts, total expenditure, tax collection etc., for the month of April and May for the current fiscal, were out and they showed some distinctive features.

Reading into the fine print, CNBC-TV18’s Latha Venkatesh said although one should not read too much into the two-month numbers. If one were to compare it with FY19-20 there were some interesting features. However, there would be no point comparing numbers with last fiscal because the country was under a lockdown then.

The total receipts were significantly higher in the two months at Rs 3.49 lakh crore compared to Rs 1.46 lakh crore for April-May of FY19-20. The total expenditure was in fact, less at Rs 4.79 lakh crore as compared to Rs 5.12 lakh crore and the tax collection stood higher at Rs 3.12 lakh crore versus Rs 2.15 lakh crore.

Similarly, the tax collections for the April-May of the current fiscal year were much more than April-May of FY19-20. However, the states’ share was less compared to the earlier fiscals.

The total receipts were much higher because there was Rs 1 lakh crore RBI dividend but the total expenditure was low, which would need some explanation.

Meanwhile, corporate tax collection was very high and it could be because some of the steel companies could have given bonanza tax receipts or no refunds have been made. Excise collections were higher because the petrol prices went up. There also has to be some explanation on why states have given nearly Rs 20,000 crore less than the previous two years.

Watch the accompanying video of CNBC-TV18’s Latha Venkatesh for more details

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Money Matters: What is GDP and how is it calculated?

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

We are going to hear a lot of noise about the gross domestic product (GDP). So how is the GDP put together? How are crops, cattle, commodities, consumer goods, communication, coaching classes and all of the others are put into one number?

This is done by experts from the National Statistical Organisation (NSO), formerly known as the Central Statistical Organisation (CSO). So here’s a ‘GDP Masterclass’ with CNBC-TV18’s Latha Venkatesh on ‘Money Matters’.

To watch other videos in this series, click the Money Matters tab below.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Money Matters: Is M3 too high in India?

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

All central banks create money but lately, there has been a worry that central banks are creating too much money including the Reserve Bank of India (RBI). The term used for all the money in the system is ‘M3’.

So how much money should the RBI create in a year? Is M3 too high in India? Is it time to worry about it?

CNBC-TV18’s Latha Venkatesh decodes it on ‘Money Matters’.

To watch other videos in this series, click the Money Matters tab below.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Money Matters: Why aren’t banks lending?

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

For the past many months, banks have been parking about Rs 6 lakh crore to Rs 7 lakh crore on a daily basis with the Reserve Bank of India (RBI) for an overnight period for just 3.35 percent. This has drawn a lot of criticism, with experts questioning banks as to why they aren’t lending loans instead of parking money for such a low interest rate?

CNBC-TV18’s Latha Venkatesh explains what the reality is on ‘Money Matters’.

Professor Ananth Narayan has explained this concept in detail on www.cnbctv18.com. Read here:

VIEW: Easy to call banks lazy, but one needs to ask why aren’t they lending

How the Indian banking system works and money is created – An explainer

To watch other videos in this series, click the Money Matters tab below.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow