Overall shortfall in GST collection Rs 1.44 lakh crore for Centre this fiscal: SBI report

Though capital expenditure increased modestly in November, the fiscal deficit already reached 135 percent of Budget Estimate (BE) till November, owing to weaker revenues. "Corporate taxes collections so far are only 27 percent of BE and income tax are only 37 percent of BE. The higher excise duties 74 percent of BE have provided some respite to government revenues. Meanwhile, GST (Goods and Servic…