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ASSOCIATE SPONSORS
co-presented by
ASSOCIATE SPONSORS
The fiscal deficit for the April-October period widened marginally to Rs 4.2 lakh crore against Rs 4.1 lakh crore on a year on year basis.
During April-September, government has raised Rs 12,600 crore through stake sale in four companies. This is also the highest amount raised through disinvestment in the first half of a fiscal in past seven years, according to market data.
India will borrow Rs 3.49 lakh crore in the first half of next financial year that begins on April 1, which is 58 percent of the total borrowing as against 65 percent that was borrowed in the first half of 2012-13.
Income-tax (I-T) refunds during the first half of current financial year have come down to Rs 46,000 crore from Rs 60,000 crore in the same period last year.
