Government meets 2017-18 fiscal deficit target
New Delhi, May 31: The Central government broadly met its revised fiscal deficit target of 3.5 per cent for financial year 2017-18, official data showed here on Thursday.
According to the figures released by the Controller General of Accounts (CGA), fiscal deficit -- the difference between revenue and expenditure -- for the last financial year stood at 3.53 per cent of the country's GDP.
As per the provisional CGA data, the deficit reached Rs 5.91 lakh crore as against the revised estimates of Rs 5.94 lakh crore.
In budget 2018-19, Finance Minister Arun Jaitley revised the fiscal deficit target to 3.5 per cent from 3.2 per cent.
Besides, the data showed that the exchequer's total receipts during the fiscal under review yielded Rs 15.51 lakh crore, or 95.6 per cent of the estimates.
In addition, the total expenditure during the April-March 2017-18 period was Rs 21.42 lakh crore, or 96.6 per cent of the entire fiscal's estimate.
"The seasonal trend of revenue receipts out pacing revenue expenditure in March 2018 and a reversal in certain loans that had been extended previously, led to the total fiscal deficit for FY2018 printing marginally lower than the revised estimate," Aditi Nayar, Principal Economist, ICRA was quoted as saying in a statement.
"However, the revenue deficit for FY2018 has modestly exceeded the revised level."
On a monthly basis, the fiscal deficit in April 2018 touched Rs 1.51 lakh crore or 24.3 per cent of Budget estimates for 2018-19.
The CGA figures showed that the 2018-19 deficit has been pegged at Rs 6.24 lakh crore.
The total receipts during the month under review was Rs 71,450 crore, or 3.9 per cent of the estimates, whereas the total expenditure was Rs 2.23 lakh crore, or 9.1 per cent of the entire fiscal's estimate.
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Rape accused's mother murdered by victim's brother in MP's Shivpuri
Shivpuri (PTI): The 60-year-old mother of a rape accused was killed allegedly by the victim's brother in Madhya Pradesh's Shivpuri district, a police official said on Saturday.
The incident took place on Friday, Rannod police station house officer (SHO) Arvind Chauhan said.
"An anganwadi worker returning from a hospital was offered a lift by one Inder Gurjar, who took her to a secluded spot and raped her. She called up her brothers to narrate the ordeal. One brother of the victim along with two associates went to Gurjar's house and assaulted him. When Gurjar's mother Sirkunwarbai (60) intervened, she was attacked with a sharp weapon. She died on the spot," he said.
Based on a complaint filed by the deceased woman's daughter-in-law, three persons were booked for murder. One of them was held on Saturday, the official added.
A separate case has also been registered against Gurjar for rape, he said.
Police personnel have been deployed in the area in view of tension following the incident, the official added.
