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  title  Market News Updates
Fiscal Deficit at 83% of Budget Estimate in Q1 of FY21Posted on: 06/08/2020 3:29 pm
The fiscal deficit for Q1 FY2021 stood at a substantial 83.2% of the budget estimate (BE) for the full year. Revenue receipts were 7.4% of the target set for the current financial year against 14.5% achieved in the same period last year. The government’s net tax revenue in the April-June period was Rs. 2.69 lakh crore against Rs. 4 lakh crore collected a year ago.