SME Times is powered by   
Search News
Just in:   • Panasonic launches 2-in-1 detachable toughbook  • Duty drawback to factor other taxes: FIEO  • China to restrict oil exports to N.Korea  • Yamaha to invest over Rs 200 crore in Chennai plant  • Govt realises it needs Viagra boost to revive economy: Congress 
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
» Relief for exporters: Govt considering ways to speed up refunds
» New drawback rate disappoints garment exporters
» PM dedicates trade facilitation centre for handicrafts to nation
» Govt working towards getting back earlier growth rate: FM
» Private investment and banks' growth two major challenges: FM
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
65.40
63.70
UK Pound
88.60
85.70
Euro
77.95
75.35
Japanese Yen 58.40 56.40
As on 25 Sep, 2017
  Daily Poll
Small traders even below the threshold limit too should register under GST system?
 Yes
 No
 Can't Say
  Commented Stories
» Starting an import export business: Basic guide for beginners(11)
» Export sops: WTO compliance(5)
» GST Council reduces GST rates on 18 handicrafts items(3)
» Committee on Exports formed to monitor issues post GST(2)
» Note ban, GST to affect informal, SME sector: Manmohan Singh(2)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter