Govt struggles to meet revenue targets; PSBs rushed to deposit taxes

With fiscal math under pressure due to lower buoyancy in tax collection, the government is turning to the public sector to meet its estimates - the original ones not the optimistic revised numbers. The direct tax collections target for the current fiscal was hiked from Rs 11.50 lakh crore to Rs 12 lakh crore in the Interim Budget, but with total net collection standing at around Rs 10 lakh crore a…