Question
From the following data, calculate Private Income.
(र in crores)
(i) Income from domestic product accruing to private sector 4000
(ii) Savings of non-departmental public enterprises. 200
(iii) Current transfers from Govt, administrative deptt. 150
(iv) Savings of private sector 400
(v) Current transfers from rest of the world 50
(vi) Net factor income from abroad -40
(vii) Corporation tax 60
(viii) Direct personal taxes 140
Solution
Private income = (i) + (iii) + (v) + (vi)
= 4000 + 150 + 50 + (-40)
= 4160 crores