April-Feb fiscal deficit hits 120% of full-year target
India's fiscal deficit for April-February reached 120% of the budgeted target for the current fiscal year that ends in March 2018. The fiscal deficit stood at â¹7.15 lakh crore and net tax receipts in the first eleven months were â¹10.3 lakh crore, government data showed. Earlier, the fiscal deficit target for 2017-18 was raised to 3.5% of GDP from 3.2%.