Govt confident of meeting fiscal deficit target despite GST shortfall

The Narendra Modi government expects direct  tax  collections to exceed the budgeted target by at least Rs 300 billion. This, along with the portion the Centre can pick up from the goods and services  tax  (GST) compensation kitty, will help it meet the  fiscal deficit  target of 3.3 per cent of gross domestic product (GDP) for 2018-19, top government sources told&nbs…