Govt’s gross tax revenues in April were 44.3% lower at ₹67,557 crore against the backdrop of the covid-19 outbreak Gross tax revenues of the government in April were ₹67,557 crore against the backdrop of the covid-19 outbreak, 44.3% lower than in April 2019.
There’s not much that the government can do about falling revenues this time, but it can prepare for the next time. Mint explains. What is the genesis of this idea? This can be understood through an example.
The State Bank of India (SBI), by far the biggest bank in the country, has a market capitalization (m-cap) of ₹1.52 trillion.
In comparison, Kotak Mahindra Bank, a much smaller bank than SBI, has a market capitalization of ₹2.39 trillion, which is 57.2% more than that of SBI.