New Delhi, June 30 (IANS) India’s fiscal deficit stood at Rs 1.624 lakh crore in April-May of financial year 2026-27, which accounts for 9.6 per cent of the full-year target, data released by the Controller General of Accounts (CGA) showed on Tuesday.The government has fixed a fiscal deficit target of Rs 16.96 lakh crore for the full financial year (FY27), which shows that the figures for the first two months reflect a strong fiscal position with the country on track to meet the target set in …
Latest Controller General of Accounts News & Updates
New Delhi, June 1 (IANS) India has succeeded in restricting its fiscal deficit to the 4.4 per cent of GDP target fixed for the financial year 2025-26, reflecting the robust state of government finances at the end of the year, official data released on Monday showed. The fiscal deficit, which shows the difference between government revenue and expenditure, stood at Rs 15.19 lakh crore in FY26.Data released by the Controller General of Accounts (CGA) showed revenue collections remained strong duri…
New Delhi, Feb 27 (IANS) India’s Controller General of Accounts (CGA) T.C.A. Kalyani on Friday launched two major initiatives aimed at strengthening the governance and efficiency of banks handling government transactions– the Government Bank Dashboard and the Government Bank Manual.The Government Bank Manual provides a comprehensive and standardised framework for banks for handling government business. It clearly defines operational procedures, reporting obligations, reconciliation timelines, a…
New Delhi, Jan 1 (IANS) Union Minister for Chemicals and Fertilisers Jagat Prakash Nadda on Thursday inaugurated the e-Bill System, which will enable the government to process the fertiliser subsidy of approximately Rs 2 lakh crore at Kartavya Bhawan in the national capital. Addressing the event, the Minister said that this online system would play a significant role in strengthening transparent, efficient and technology-driven governance.Secretary Fertilisers Rajat Kumar Mishra said that the la…
New Delhi, Dec 31 (IANS) India’s fiscal deficit in the first eight months (April-November) of the financial year 2025-26 was estimated at Rs 9.8 lakh crore, or 62.3 per cent of the budget estimate for the full financial year, data released by the Controller General of Accounts on Wednesday showed.The data showed that the government has stepped up its capital expenditure on big-ticket infrastructure projects such as highways, ports, and railways to spur growth and create more jobs in the economy….