Bookmark Kaumudi Online  Bookmark this site  Editor@Kaumudi  |  Marketing  Print Advt rates  |  Calendar 2018        Go!    
 
 
June 25, Monday 2018 9:39 AM       

       HEADLINES: B Sujatha Devi Passes Away                                              Fish preserved in formalin seized                                              Son brutally beats mother                                              Bid to sabotage probe against ADGP’s daughter                                              V K Rajagopal’s Sabarimala appointment cancelled                                              Violence cannot solve any problem: Modi                                              Major held for colleague's wife's murder                                              PDP never 'wavered' on agenda of alliance, says Mehbooba                                              UAE says ready to back efforts for peaceful Yemen rebel pullout                                              Musharraf says he has not quit politics                                              Constant bullying of activists unacceptable: HRCP                                              Kohli & Co. depart for Ireland, England tour                                              FIFA WC: Lukaku, Hazard braces help Belgium stun Tunisia 5-2                                              FIFA WC: Vela, Hernandez help Mexico win against S Korea 2-1                                              Amit wins gold at World Para Athletics Grand Prix                                              Kaumudi Facebook
       BUSINESS Next Article: Taking steps to clear dues of customers: Nathella  
       Fiscal deficit crosses 96% of FY18 target at Oct-end
 
         Posted on :17:41:05 Nov 30, 2017
   
A A
       Last edited on:17:41:05 Nov 30, 2017
         Tags: Fiscal deficit crosses 96% of FY18 target at
 

NEW DELHI: India's fiscal deficit at the end of October hit 96.1 per cent of the budget estimate for 2017- 18, mainly due to lower revenue realisation and rise in expenditure.

In absolute terms, the fiscal deficit -- the difference between expenditure and revenue -- was Rs. 5.25 lakh crore during April-October of 2017-18, according to data of the Controller General of Accounts (CGA).

During the same period of 2016-17, the deficit stood at 79.3 per cent of the target.

For 2017-18, the government aims to bring down the fiscal deficit to 3.2 per cent of GDP. Last fiscal, it had met the 3.5 per cent target.

The CGA data showed that the government's revenue receipts were at Rs. 7.29 lakh crore in the seven months of the current fiscal, which work out to 48.1 per cent of the budget estimate (BE) of Rs. 15.15 lakh crore for the entire year.

The receipts, comprising taxes and other items, were at 50.7 per cent of the target in the year-ago period.

As per the data, the government's total expenditure was Rs. 12.92 lakh crore at October-end, or 60.2 per cent of the budget estimate. It was 58.2 per cent of the budget estimate a year ago.

Capital expenditure during April-October of 2017-18 was only 52.6 per cent of the BE compared to 50.7 per cent in the same period of the previous fiscal.

Revenue expenditure, including interest payment, was 61.5 per cent of the BE during April-October 2017-18. This compares with 59.2 per cent a year earlier.

A A
       BUSINESS
Next Article: Taking steps to clear dues of customers: Nathella
 
 
BUSINESS HEADLINES
WhatsApp updates privacy policy, terms of use ahead of payments service launch  
Infosys stable and on verge of something momentous: Nilekani  
Gold, silver prices fall on weak global cues  
FICCI awarded at X International IT Forum, Russia  
Lenovo India names Pankaj Harjai as Director-Tablets  
Adani Transmission acquires 100% equity in Ghatampur SPV  
Air India set to have 'Maharaja' class seats on international flights  
Sensex gets a buying lift, up 123 pts; RIL at new high  
Aviation Ministry committed to strategic disinvestment of Air India  
Exempted sectors should come under GST: Arvind Subramanian  
Bajaj Finserv offers pre-approved personal loan to customers  
US dollar ends cheaper against rupee  
Pradeep Parameswaran appointed Uber President- India, South Asia  
Google announces training programme for journalists  
Sensex tanks 261 pts as US-China trade spat escalates  
US dollar ends higher against rupee  
WhatsApp Payments to be rolled out soon: here is how it's different from competition  
Ayushman Bharat: Only half the states ready to launch scheme on August 15; UP Bihar & West Bengal not prepared yet  
Audi boss arrested over diesel scandal  
India, US officials to meet soon to discuss concerns of both sides: Prabhu  
Rupee dives to 3-week low at 68.01 on macro-liquidity shocks  
Gold rises on mild demand, silver surges for 8th session  
AFT directs govt to remove anomaly in HRA  
Grand Finale of Smart India Hackathon from June 18-22  
GST refund drive extended till June 16  
 
Should Yoga be made compulsory in all schools?
Yes
 
No
 
No opinion
 
 
 
Home Kerala India World Business Sports Sci&Tech Education Automobile CityNews Movies Environment Letters 
© Copyright keralakaumudi Online 2011  |  Reproduction in whole or in part without written permission is prohibited.
Head Office Address: Kaumudi Buildings, Pettah P.O, Trivandrum - 695024, India.
Online queries talk to Deepu Sasidharan, + 91 98472 38959 or Email deepu[at]kaumudi.com
Customer Service -Advertisement Disclaimer Statement   |  Copyright Policy