Tax receipts growing but not fast enough for new government

New Delhi: Revenue from direct and indirect taxes of the government has grown at a decent pace in FY19 but not sufficient for the Narendra Modi administration to make ends meet as welfare spending spiralled on account of new commitments like giving income support to farmers. This trend could become more pronounced in FY20 as the budget to be presented on 5 July is likely to give a stimulus to empl…