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Finance & Markets

Fiscal deficit widens as capex, subsidy spending rise in first five months

According to the latest monthly accounts released by the Controller General of Accounts (CGA) on Wednesday, the fiscal deficit stood at ₹7.10 trillion, or 41.9% of the full-year budget estimate, during April-August of FY27. This deficit was 38.1% of the annual target a year ago.

Fiscal deficit widens as capex, subsidy spending rise in first five months

We haven't written up this one. Live Mint has the full story — the link below goes straight to it.

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Circle CFO to step down

Finance chief Jeremy Fox-Geen will leave the stablecoin issuer later this year after ushering the company through its long-awaited 2025 IPO.

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