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4.8% Fiscal Deficit Target Feasible?

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December 3: “Finance Minister P. Chidambaram will try and contain fiscal deficit at 4.8%. However, the tax revenue collections do not look good currently,” says, Saugata Bhattacharya, Senior VP, Axis Bank. Further, he adds, "Sources claim that the government will be looking to cut expenditure by nearly Rs.80,000 crore."