Connect with us

Business

India’s fiscal deficit at 74 percent of target in 7 months

Published

9 years ago

on

New Delhi: India’s fiscal deficit has touched 74 percent of the annual target as on end-October, even as tax revenue is below the half-way mark, as per the latest official estimates of the central government accounts released on Monday.

As per the Controller General of Accounts, as opposed to a fiscal deficit target of Rs.555,649 crore, the actual number has been Rs.411,246 crore. The fiscal deficit represents the total expenditure, minus the total receipts.

The government has targeted a fiscal deficit of 3.9 percent of GDP for the this fiscal.

The total receipts during the period under review has been Rs.610,374 crore, against the budget amount for the full fiscal year of Rs.1,221,828 crore, representing an achievement of 50 percent.

The CGA data revealed that the total expenditure during the first seven months of the fiscal stood at Rs.1,021,620 crore, which is 57.5 percent of the budgetary target of Rs.1,777,477 crore.

Furthermore, the data disclosed that the revenue deficit during the period under review stood at Rs.287,553 crore, which was 72.9 percent of the budget estimate of Rs.394,472 crore.

Related Topics:
Continue Reading

Business

Apple is giving a huge discount on its gadgets: Details inside

Published

2 years ago

on

May 5, 2022

By

If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

Continue Reading

Trending