ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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On Tax Crutches

On Tax Crutches UNIT TRUST OF INDIA has reported signifient all-round progress during the year ended June 1984 which marks the completion of two decades of its existence. The Trust says it has set new records in every area of its operations mobilisation of savings, gross income, dividend distribution, additions to reserves, investible resources and direct financial assistance. Aggregate sales of units under all the schemes registered an impressive 96.4 per cent increase over the year from Rs 167 crore to Rs 328 crore, with the number of unit- holding accounts going up from 13.65 lakh to 15 lakh. Gross income rose by 38 per cent from Rs 102 crore to Rs 141 crore. Unit capital of the Trust crossed the anticipated Rs 1,000-crore mark, up 44 per cent from Rs 707 crore to Rs 1,020 crore. Investible funds increased from Rs 870 crore to Rs 1,253 crore. Transfer to reserves increased from Rs 32 crore to Rs 54 crore. Direct financial assistance in terms of sanctions rose by 39 per cent from Rs 137.82 crore to Rs 191.51 crore while disbursements increased by 91 per cent from Rs 87.17 crore to Rs 166.13 crore.

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