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Fiscal deficit in Apr-Aug touches 74.6% of budget estimate

Showing signs of financial strain, the government's fiscal deficit in the first five months of the ongoing financial year has already touched 74.6 percent of the budget estimate.

India likely to improve fiscal situation in 2013: IMF

At a time when many countries are facing challenges on the fiscal consolidation front, India with its favorable interest rate-growth differential has an advantage in addressing deficit concerns this year, International Monetary Fund (IMF) said Tuesday.

FinMin hopeful of containing fiscal deficit at 5.3%

"We are likely to have some savings and with inflow of proceeds from disinvestment and spectrum sale, the fiscal deficit target would not exceed 5.3 percent," a Finance Ministry official said.

Fiscal deficit stands at 71.6% of Budget estimates at Oct-end

In absolute terms, the fiscal deficit -- gap between expenditure and revenue collection -- was Rs 3.67 lakh crore during April-October period of the current fiscal.

Govt to soon unveil fiscal correction roadmap

"No one will have confidence in the Indian economy if there is uncertainty about the fiscal stability of the country," he said.