Apr-Oct fiscal deficit Rs 4.11 lk cr; 74% of FY16 estimate

Fiscal deficit for for April-October narrowed to Rs 4.11 lakh crore, compared to Rs 4.75 lakh crore during the same period last year. This works out to 74 percent of the FY16 Budget Estimate.Total spending during this period stood at at Rs 10.22 lakh crore, 57.5 percent of FY16 estimate, and net tax receipts for the period stood at Rs 4.29 lakh crore. Non-plan spend was Rs 7.51 lakh crore, 57.2 percent of FY16 estimate, and Plan spend was Rs 2.71 lakh crore, 58.2 percent of FY16 estimate.Revenue deficit was Rs 2.88 lakh crore, 72.9 percent of FY16 estimate, and non-tax revenue at Rs 1.62 lakh crore, 73 percent of FY16 estimate.April-October revenue receipts stood at Rs 5.91 lakh crore, 51.7 percent of FY16 estimate