(Reuters) – India’s fiscal deficit during April and May was 1 .42 trillion rupees, or 27 .6 percent of the full fiscal year 2012/13 target, government data showed on Friday.
During the same period in the last fiscal year, the deficit was 3 1.7 p ercent of the budgeted target.
Net tax receipts were 409.3 billion rupees and the total expenditure was 1 .91 trillion r upees during the April-May period.
In March, the government had budgeted a fiscal deficit of 5.14 trillion rupees or 5.1 percent of gross domestic product (GDP) for the current fiscal year.
(curtsey : reuter)
Head Research Department
Website : www.marketcalls.net
Facebook : www.facebook.com/marketcalls.net
Twitter : @marketcallsnet
Yahoo Messenger : firstname.lastname@example.org
Email : email@example.com
Contact : 09429518070 (Ask if you have any query)