Finance Minister Chidambaram said that current yr fiscal deficit stands at 3.1 per cent vs 3.3 per cent last year. He also announced plan expenditure estimate at Rs 2,43,386 cr; FY09 fiscal target at 2.5% of GDP; Fiscal deficit target for 2008-09 at Rs 1,33,287 cr; Revenue deficit target for 2008-09 at Rs 55184 cr; Fiscal target under FRBM Act to be met; Revenue deficit for 2007-08 at 1.4% against estimated 1.5%; 16th Pay Commission to submit report by March 31
Source : Agencies