Will meet fiscal deficit target of 3.5% of GDP for 2017-18: Hasmukh Adhia

548,000 electronic-way bills generated in the first two days of roll-out; officials say no glitches reported so far

The government is confident of achieving the fiscal deficit target of 3.5 per cent of gross domestic product (GDP) for 2017-18, backed by robust revenue mop-up of both direct and indirect taxes, even as the gap between its revenue and expenditure overshot the revised estimate by 20 per cent till February.
 
Finance Secretary Hasmukh Adhia on Monday said despite last year being full of revenue uncertainty due to the goods and services tax (GST) roll-out, the government had managed to achieve both direct and indirect tax targets for the financial year.
 
The implementation of the electronic way (e-way)