Newsmakers: PM Modi to launch 'Start-Up movt', rupee at 28-month low and more - Photos-1
Business Today
Loading...

Newsmakers: PM Modi to launch 'Start-Up movt', rupee at 28-month low and more

Key events that made news today
Will follow fiscal consolidation roadmap in Budget: FinMin
The government on Friday said it would stick to its fiscal consolidation roadmap without compromising on development spending and expenditure budgeted for the current fiscal. As a result of sound prudent policies formulated during 2015-16, the fiscal deficit at the end of November is Rs 4.83 lakh crore or 87 per cent of the Budget Estimate for this fiscal. "The fiscal deficit i.e. the gap between expenditure and revenue, for the entire current fiscal year has been pegged at Rs 5.55 lakh crore (3.9 per cent of GDP)," it said.
ADVERTISEMENT