Question

Answer in six sentences:

Explain the aspects of non-tax revenue of the Central Government.

Answer 1

Non Tax Revenue Receipts are those revenue receipts which are not generated by taxing the public. The most important receipts under this head are interest receipts (received on loans given by the government to states, railways and others) and dividends and profits received from public sector companies. Various services provided by the government -- police and defence, social and community services such as medical services, and economic services such as power and railways -- also yield revenue for the government. This also includes the money which the government receives out of its financial services such as stamp printing, currency printing, metal printing etc.