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Investing.com -- India’s fiscal deficit for April-May reached 131.6 billion rupees ($1.5 billion), representing 0.8% of the estimated target for the financial year ending March 31, according to government data released Monday.
The country’s net tax receipts stood at 3.5 trillion rupees, up from 3.2 trillion rupees during the same period last year.
Non-tax revenue showed significant growth, reaching 3.6 trillion rupees compared to 2.5 trillion rupees a year ago.
Total (EPA:TTEF) government expenditure increased to 7.5 trillion rupees from 6.2 trillion rupees in the corresponding period of the previous year.
Capital expenditure, which focuses on building physical infrastructure, rose to 2.2 trillion rupees, compared to 1.4 trillion rupees in the same period a year earlier.
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