The Reserve Bank's Rs 1 lakh crore is.....

The Reserve Bank's Rs 1 lakh crore is insufficient to ease the government's financial strain

Corona caused a decline in tax revenue in the current financial year 

Despite the RBI providing more than Rs 99,000 crore to the central government, the amount is not enough to alleviate the serious impact of the second wave of Corona on the country's economy.

The RBI has announced an additional amount of Rs 99,122 crore on the balance sheets for the nine months ended March 31. Amid the economic downturn caused by Corona, the government treasury is facing a deficit for the second consecutive financial year on tax revenue.

Experts believe that the RBI may have made higher earnings through open market operations and sales of foreign exchange, which has led to an increase in balance sheets. In the budget for the current financial year, the government had projected an additional Rs 50,000 crore from the Reserve Bank.

The second wave of corona has resulted in regulatory measures implemented by various states of the country affecting the sale of goods which is currently causing a decline in government revenue through GST. In addition, the country is also at risk of a third wave.

In the current financial year, revenue through direct and indirect taxes is expected to remain low. Doubts are also being raised over the current financial year's disinvestment program going ahead as planned amid uncertain environment.