SME Times is powered by   
Search News
Just in:   • Fuel prices continue to rise, Modi to meet oil company heads  • Sugar mills worry over surplus, talk of 'industry collapse'  • UK to see 3 years of low growth: Forecaster  • Sept wholesale inflation spikes to 5.13 pc  • RCEP Inter-sessional ministerial meeting held in Singapore 
Last updated: 01 Mar, 2017  

Rupee.9.Thmb.jpg India's Apr-Jan fiscal deficit at 105.7 pc of full-year target

Rupee.9.jpg
   Top Stories
» Sept wholesale inflation spikes to 5.13 pc
» RCEP Inter-sessional ministerial meeting held in Singapore
» 46th IHGF-Delhi Fair Autumn-2018 kicks off
» India International Silk Fair -2018 to begin Tuesday
» Exports sector facing multiple challenges: FIEO
SME Times News Bureau | 01 Mar, 2017
Country's fiscal deficit in the April-January period of the current fiscal touched Rs 5.64 lakh crore or 105.7 per cent of Budget estimates for fiscal 2016-17 - as against 95.8 per cent of Budget in the same period of last year, government data showed on Tuesday.

As per the Controller General of Accounts, the deficit, or the gap between expenditure and revenue for the entire current fiscal, has been pegged at Rs 5.34 lakh crore, as compared to the deficit of Rs 5.35 lakh crore in the last fiscal as per revised estimates of 2015-16.

The exchequer's tax revenue during the period in question yielded Rs 8.16 lakh crore, or 77.4 per cent of the estimates, while total receipts, from revenue and non-debt capital, during the fiscal's first ten months, were 10.53 lakh crore, or 72.9 per cent of the estimates for the current year.

Total expenditure during the April-January period was Rs 16.18 lakh crore, or 81.8 per cent of the entire fiscal's estimate. Of the total expenditure, money spent on plan was over Rs 4.43 lakh crore, while non-plan expenditure came to more than Rs 11.74 lakh crore.

The revenue deficit during April-January was over Rs 4.05 lakh crore, or 114.4 per cent, of the estimates.

The government had set the target of restricting the current fiscal's deficit at 3.5 per cent of the GDP or to Rs 5.34 lakh crore.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 16 Oct, 2018
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(10)
» Awareness drives on MSME benefits(2)
» Ashok Leyland to launch 13-seater passenger vehicle, LCV(1)
» Letter of Credit - a safe and secure payment mode?(1)
» SEZ policy review committee holds final meeting Friday(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter