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April-October fiscal deficit nears 90 per cent of full-year target

India's fiscal deficit was 4.76 trillion rupees ($76.77 billion) during April-October

New Delhi: India's fiscal deficit was 4.76 trillion rupees ($76.77 billion) during April-October, or 89.6 percent of the full-year target, government data showed on Friday.

The deficit was 84.4 percent during the comparable period in the previous fiscal year.

Net tax receipts were at 3.69 trillion rupees ($59.52 billion) in the first seven months of the current fiscal year that ends in March 2015.

( Source : reuters )
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