<h1>India's 2018 Tax Revenue to Rise with Broader Base, But Non-Tax Revenue Faces Challenges from RBI Dividends and Slow Divestment.</h1> India is expected to see an increase in tax revenues for the fiscal year 2018 due to a broader tax base and strong advance collections, according to the Development Bank of Singapore. However, non-tax revenues may face challenges as dividends from the Reserve Bank of India and other public sector entities are likely to decrease. The divestment agenda has been slow, with only Rs. 100 billion raised against a target of Rs. 725 billion. Spectrum auction receipts are also expected to be lower due to industry competition and financial constraints. Despite these challenges, increased tax compliance and the GST rollout are boosting direct and indirect tax revenues.