April-Jan fiscal deficit hits 113.7% of full-year target
India's fiscal deficit for April-January reached 113.7% of the budgeted target for the current fiscal year that ends in March 2018. The fiscal deficit stood at â¹6.77 trillion and net tax receipts in the first ten months were â¹9.7 trillion, government data showed. Earlier, the fiscal deficit target for the current year was raised to 3.5% of GDP from 3.2%.