India's fiscal deficit for the April-October period stood at ₹7.51 trillion, 46.5% of the estimate for 2024-25, according to the data released by the Controller General of Accounts (CGA) on Friday.
The latest figure is lower than ₹8.04 trillion a year ago due to the Reserve Bank of India (RBI) dividend and subdued government capex during the first quarter amid the general elections, though tax receipts remained flat.
The Union government's fiscal deficit target is 4.9% of the gross domestic product (GDP) for 2024-25 (FY25), as announced by finance minister Nirmala Sitharaman in the Union Budget 2024-25 against 5.6% in 2023-24, which was lower than the revised estimates of 5.8%.
During the April-October period, net tax receipts stood at ₹13.05 trillion, or 50.5% of the target set in the annual budget in July, against ₹13.02 trillion in the same period of the previous year, the CGA data showed.
Diese Geschichte stammt aus der November 30, 2024-Ausgabe von Mint Mumbai.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der November 30, 2024-Ausgabe von Mint Mumbai.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Meta Fixes Error After Flood of Violent Reels
Meta Platforms said on Thursday it had resolved an error that flooded the personal Reels feeds of Instagram users with violent and graphic videos worldwide.
North Korea Is Now Open for International Tourists
After a gap of five years, the country has eased curbs and reopened its borders to promote international tourism
NCLAT sets aside Coffee Day Enterprises insolvency case
The case began in Sept 2023, when IDBI Trusteeship approached NCLT for insolvency proceedings against CDEL
GST, Customs Act fall under criminal law safeguards: SC
The court came out against coercion by enforcement officers during search and seizure ops
Cl continues the Apple Silicon philosophy
Apple's newest and most affordable iPhone—the 16e, which goes on sale in India on Friday—marks a significant transition that might otherwise go unnoticed.
StanChart picked as dollar trade settler
Standard Chartered Plc has been picked as the bank for real-time settlement of all dollar-denominated trades in India's global financial centre, likely slated for end-June, according to people familiar with the matter.
No Lodha brother has claim over other's biz, says mother
Manju Lodha's letter puts into question Abhinandan's claim that he has unsettled dues
CCI's new penalty recovery regime replaces 14-yr-old rules
Individuals and enterprises breaching competition law face a stricter penalty recovery regime with the Competition Commission of India (CCI) replacing its 14-year-old regulation with a new set of norms.
The evolution of AI technology traces a path that we humans do
It parallels the story of human intelligence as we grow from infancy to adulthood and venture out
Investors See '2017-Like' Rally Happening on EM Currencies
Emerging currencies rose 11% in 2017 before tumbling in 2018 as Trump turned tariff talk into action
