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FY12 fiscal deficit to breach 4.6 pct of GDP target - Montek

India to focus on fiscal consolidation in budget
The finance ministry is likely to focus on fiscal consolidation in the coming annual budget, Montek Singh Ahluwalia, deputy chairman of the Planning Commission, said in an interview to CNBC-TV18.As cool as it gets Containing subsidies is not an easy task and the government is likely to move gradually on this issue, he said. The government is expected to present a budget in mid-March for the fiscal

Battling the twin macro payment gaps
Both fiscal and current account deficits big problems this year, economists not too sure what can be feasibly done.

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Economists question rationale

Economists find it difficult to believe that Moody’s has upped the grading of India’s local currency debt by a notch to investment grade from junk, saying the country’s growth and

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Fiscal consolidation crucial for 9% growth: RBI

The Reserve Bank of India (RBI) has said the growth target of nine per cent envisaged for the 12th Five-Year Plan can be achieved only if inflation is brought down, and supply-side issues in

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Won't revise deficit targets: Basu

India’s chief economic advisor Kaushik Basu on Thursday said achieving the budgetary targets for 2011-12 were challenging but the government was working towards meeting them and would not

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Q&A: Montek Singh Ahluwalia, Planning Commission

Edited excerpts of an interview with Montek Singh Ahluwalia, deputy chairman of the Planning Commission, by Karan Thapar on the CNBC TV18 channel’s India Tonight

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