April-May fiscal deficit at $40.05 billion

Tags: News
India's fiscal deficit in the first two months of the 2014/15 financial year touched 2,408.37 billion rupees ($40.05 bln), or 45.6 percent of the full-year target, government data showed on Monday.

The deficit was 33.3 percent during the comparable period in the previous fiscal year.

Net tax receipts were at 286.51 billion rupees in the first two months of the current fiscal year to March 2014, while total expenditure was about 2.8 trillion rupees.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Sebi’s new listing norms should protect small investors

    There has been a long-standing debate on what should be the liability of individual promoters and directors in case a company does not meet its obliga

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Roopen Roy

Building smart cities the Indian way

Today more than half of the world’s population lives in ...

Rajgopal Nidamboor

The biology behind cultivated wisdom

We are our habits and our behaviour. We are our ...

Gautam Gupta

Why must innerwear be our best kept secret?

While women’s outerwear rules the marketing roost in India, unfortunately, ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture