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The Indian market is expected to open flat-to-higher on Friday tracking muted trend seen in other Asian markets.

After a stunning rally in the global equity market over the past two days, stocks collectively took a breather ahead of the weekend. US Stocks traded range bound overnight weighed down by an abrupt halt to the rally in oil prices, which failed to hold on to the crucial $50 mark. The Dow Jones ended 23.22 points lower.

The most awaited speech since the US Federal Reserve's FOMC meeting way back in April, the Fed chief will speak at Massachusetts on Friday night as investors look on for clues to a rate hike.
Power Grid: The state-run company posted a 13.2 per cent jump in standalone net profit at Rs 1,599.05 crore for the March quarter on higher revenues from power transmission business.

Jet Airways: Jet Airways posted its first annual net profit after eight years and its fourth straight quarterly net profit helped by lower fuel expenses and its own cost control measures.

ONGC: Oil and Natural Gas Corporation's fourth quarter profit jumped 12% mainly on reversal of impairment loss as well as lower provisioning for dry wells.

Deepak Fertilisers: The company reported a 5 per cent decline in net profit at Rs 25.92 crore for the fourth quarter of 2015-16 financial year.

SBI - State Bank of India is going to post Q4 results today.
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What is the meaning of Fiscal Deficit and formula to calculate
What is the Formula for finding Fiscal Deficit
The difference between total revenue (income) and total expenditure of the government is called as fiscal deficit. It is an indication of the total borrowings needed by the government.

While calculating the total revenue, borrowings are not included.

In simple language -
Fiscal deficit is defined as excess of total budget expenditure over total budget receipts excluding borrowings during a fiscal year.

In simple words, it is amount of borrowing the government has to resort to meet its expenses. A large deficit means a large amount of borrowing. Fiscal deficit is a measure of how much the government needs to borrow from the market to meet its expenditure when its resources are inadequate.
Formula for Fiscal deficit = Total expenditure - Total receipts excluding borrowings.
Generally fiscal deficit takes place due to either revenue deficit or a major hike in capital expenditure. Capital expenditure is incurred to create long-term assets such as factories, buildings and other development.

A deficit is usually financed through borrowing from either the central bank of the country or raising money from capital markets by issuing different instruments like treasury bills and bonds.
Importance: Fiscal deficit shows the borrowing requirements of the government during the budget year. Greater fiscal deficit implies greater borrowing by the government. The extent of fiscal deficit indicates the amount of expenditure for which the government has to borrow money.
India's fiscal deficit reaches 94% of the budget estimate in December

Fiscal deficit in the first nine months of 2016-17 touched 93.9 per cent of the Budget target against 87.9 per cent for the same period a year ago.

In value terms, the April-December fiscal deficit stood at Rs 5.01 lakh crore, or 93.9 per cent, of 2016-17 Budget estimates (BE). The fiscal deficit stood at 87.9 per cent in the corresponding nine months a year ago, as per 2015-16 BE.

Fiscal deficit, the gap between expenditure and revenue for the entire fiscal, has been pegged at Rs 5.33 lakh crore, or 3.5 per cent of the GDP, for the fiscal 2016-17.

As per data released by the Controller General of Accounts (CGA), tax revenue came in at Rs 7.52 lakh crore, or 71.4 per cent of the full-year BE of Rs 10.54 lakh crore.

Total receipts from revenue and non-debt capital of the government during the period read Rs 9.68 lakh crore or 67.1 per cent of BE.

The government's Plan expenditure during the fiscal came in at Rs 4.10 lakh core, 74.6 per cent of the full-year budget estimate. During the same period last year, it stood at 74.4 per cent.

The Non-Plan expenditure in April-December of 2016-17 was Rs 10.59 lakh crore, or 74.2 per cent, of the whole-year estimate.

The total expenditure (Plan and Non-Plan) was Rs 14.69 lakh crore, 74.3 per cent of the government's full-year estimate of Rs 19.78 lakh crore.

The revenue deficit during April-December stood at Rs 3.54 lakh crore, or 100.1 per cent of BE for 2016-17.
Jan 31, 2017
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what is the meaning of fiscal deficit india