Jul 11 2014 : The Economic Times (Bangalore)
IT'S A FISCAL GAME
Jaitley's acceptance of predecessor P Chidambaram's fiscal deficit target of 4.1% for 2014-15 shows political maturity that makes for continuity in policy from the previous government where it is warranted
FM Sticks To Consolidation Road Map The budget assumes a somewhat optimistic growth in taxes, record high disinvestment and a reduction in fuel subsidies.
All these are not without risks and if these asumptions go wrong, expenditure cuts will be needed to meet the target.
All these are not without risks and if these asumptions go wrong, expenditure cuts will be needed to meet the target.
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