Q1 fiscal deficit narrows to 8-year low of Rs 2.7 lakh crore

The governments net tax receipts came in at Rs 4.12 lakh crore of 26.7% of budgeted estimates while total receipts stood at Rs 5.47 lakh crore or 27.7% of budgeted estimates, as per official data released on Friday. Net and gross tax collection in the corresponding quarter last year was Rs 1.35 lakh crore and Rs 1.5 lakh crore.

via Economictimes