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Fiscal deficit in 2013-14 is 4.5% of GDP

Last Updated: Friday, May 30, 2014, 19:35

The fiscal deficit in 2013-14 stood at 4.5 percent of GDP, lower than 4.6 percent projected in the revised estimate, mainly on account of curbs on government expenditure.

Going forward economy can only become stronger: Chidambaram

Last Updated: Saturday, April 26, 2014, 16:02

Chidambaram, however, said there has been shortfall in overall tax collection in the last fiscal.

CAD likely to be $35 bn in 2013-14: Chidambaram

Last Updated: Monday, March 31, 2014, 17:46

"India's forex reserves have crossed USD 300 billion. We have successfully contained fiscal deficit and current account deficit," Chidambaram said.

'Chidambaram may positively surprise markets on deficit front'

Last Updated: Thursday, February 13, 2014, 16:27

In the run-up to the general elections, Chidambaram will present the vote-on-account next Monday.

Slowing economy may force Chidambaram to wield budget knife

Last Updated: Thursday, October 03, 2013, 14:38

Chidambaram, who last year oversaw cuts worth over 1 trillion rupees, is aiming to prevent the budget for the fiscal year to March 2014 from stretching beyond a deficit target of 4.8 percent of GDP.

Initiatives taken to boost exports, reduce imports: Govt

Last Updated: Tuesday, May 07, 2013, 18:10

The country's CAD stood at 5.4 percent of GDP during April-December period of financial year 2012-13 amounting to USD 72 billion.

Deficit monsoon may pose 'downside risk' to growth outlook

Last Updated: Monday, August 27, 2012, 14:39

Fall in crop sowing levels due to below average monsoon could have a "downside risk" to the economic growth forecast for this fiscal, experts have said.