May Exceed Fisc Deficit Tgt: Bimal Jalan
  • Prabha Hedge
  • Jan 16 2014

January 16: India's fiscal deficit has crossed 94% of the target. Bloomberg TV India asks Bimal Jalan, Former Governor, RBI, if Finance Minister P. Chidambaram will be able to meet his 4.8% fiscal deficit target. He points out that there is very little room left with government to cut revenue expenditure.