India confident of meeting fiscal deficit target - Chidambaram
NEW DELHI (Reuters) - India is confident that it can still meet its fiscal deficit target of 5.3 percent of gross domestic product for the current financial year, the finance minister said after an auction of mobile phone licences did not fetch as much as the government had expected.
It was too early to say that the fiscal deficit target would not be met, P. Chidambaram told reporters on Friday.
Last month subdued tax revenue and higher spending on subsidies forced the government to revise its fiscal deficit target to 5.3 percent for the current financial year from 5.1 percent. (Reporting by Rajesh Kumar Singh; Editing by Subhranshu Sahu)
- Tweet this
- Share this
- Digg this
Priyanka Gandhi of the Congress party clashed with estranged cousin Varun Gandhi, who is running in the election on a Bharatiya Janata Party (BJP) ticket, on Tuesday in a new sign of aggression that partymen hope will draw her deeper into active politics to revive their fortunes. Full Article | Full Coverage