Indian Economy
In India, the first bank of limited liability managed by Indians and founded in 1881 was

Punjab and Sind Bank
Oudh Commercial Bank
Hindustan Commercial Bank
Punjab National Bank

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Indian Economy
The budget deficit means

difference between revenue receipts and revenue expenditure
the excess of total expenditure, including loans, net of lending over revenue receipts
difference between all receipts and all the expenditure
fiscal deficit less interest payments

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