India's April-October fiscal deficit stood at Rs.6.49 trillion or 103.9% of budgeted target for current fiscal-year, government data showed. Net tax receipts in the first seven months of the fiscal year that ends in March 2019 were Rs.6.61 trillion, government data showed. The government has said it was confident of meeting its fiscal deficit target of 3.3% of GDP in the 2018-19 fiscal year.

What is the "tearing hurry" to fix the capital framework of RBI when the ruling dispensation has just four months to complete the term, former Union finance minister P Chidambaram today asked the Centre. In a series of tweets, the senior Congress leader slammed the government for allegedly seeking funds from the RBI despite claiming that its (Centre's) fiscal math was correct.

The government is committed to meet the fiscal deficit target of 3.3% for the current fiscal, interim Finance Minister Piyush Goyal said. The government will maintain stability in the economy and meet all economic parameters fixed by the government, he said today. "I can assure that we will meet the fiscal deficit target of 3.3%, despite this being an election year," he said.