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Government seeks parliament nod for $13 billion net extra spending in 2017/18: statement

Reuters  |  NEW DELHI 

NEW DELHI (Reuters) - The Indian government on Thursday sought parliament's approval to spend a net additional 853 billion rupees ($13.14 billion) in new spending in the current fiscal year to end-March 2018, a finance ministry statement said.This extra spending is unlikely to impact the country's fiscal deficit target for 2017/18 as India had raised the fiscal deficit target to 3.5 percent of gross domestic product from 3.2 percent earlier.($1 = 64.9200 Indian rupees) (Reporting by Nigam Prusty and Manoj Kumar; Editing by Malini Menon)(This story has not been edited by Business Standard ...

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First Published: Thu, March 08 2018. 12:35 IST