Govt will meet Tax collection target for FY19-20, says Revenue Secretary

In Corporate Radar programme of Zee Business today, prior to discussing stock market there is a significant announcement made by Union Revenue Secretary stating that the government will meet Tax collection target of Rs 13.8 L crore for FY19-20. This is likely to help the government to lessen its revenue deficit target. However, stock market continues to remain in red zone as Nifty as well as Sensex are witnessing downward trend. Metal shares are the biggest contributers today in this trend along with real estate, auto and pharma shares.