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

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

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Indian Economy
Fiscal deficit in the Union Budget means

the difference between current expenditure and current revenue
the sum of budgetary deficit and net increase in internal and external borrowings
the sum of monetized deficit and budgetary deficit
net increase in Union Governments borrowings from the Reserve Bank of India

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Indian Economy
The budget deficit means

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

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