Thread by @Sanju_Verma_

Critics have asked,wrt #Budget2021, how will @narendramodi govt manage finances

Well,for every rupee in govt coffers, 53paise will come from direct& indirect taxes,36p from borrowings &other liabilities,6p from non-tax revenue like disinvestment&5p from non-debt capital receipts

GST will contribute 15paise in every rupee revenue,corporate tax will contribute 13paise to each rupee earned;8paise for every rupee,will come from union excise duty,3paise from customs duty&income tax will yield 14paise to every rupee collected

Fiscal math has been worked out💪

On #Expenditure side,biggest outlay is for interest payments at 20paise for every rupee,followed by States' share of taxes&duties@16paise

Allocation for #Defence is 8paise &Expense on Central schemes is 14p, while allocation for Central schemes is 9paise

#Budget2021 #Modinomics

Expenditure on FinanceCommission &other transfers is pegged@10 paise;Subsidies&Pension would account for 8paise&5paise, respectively,for each rupee spent

@narendramodi govt will also spend 10paise from every rupee on other expenditures

#Budget2021 targets #Growth &more growth💪

As if on cue,#SBI reported Profit of Rs 5196Cr for Dec'20 qtr,with big improvement in #AssetQuality

#GrossNPAs fell 6.4% QoQ
#NetNPAs fell 20.4% QoQ

SBI reported a fall in bad assets both in absolute&percentage terms,which is great news

#NiftyBank,hit level of35344💪
#Earnings

Spate of robust earnings continue, with #NTPC reporting Profit of 3315Cr in Dec'20 qtr,up 11% YoY

Revenues up 4.5%&Margins up 40bps at 30.1%

#TataPower too reported Profit of 318Cr,up 22.4%,with Revenues up 7.5% YoY

Again,SBI's #CreditCost at sub 2%,reflects #EconomicMomentum