Indian Economy
The budget deficit means

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

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Indian Economy
Devaluation of a currency means

fall in exchange value of a country by market forces
all of the listed here
reduction in external value/exchange value of currency by the government
reduction in currency value due to wear and tear

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