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India to unveil 'credible, feasible' fiscal plan: Chidambaram

INDIA-CHIDAMBARAM-FISCAL-PLAN:India to unveil 'credible, feasible' fiscal plan: Chidambaram

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Reuters NEW DELHI
Last Updated : Oct 08 2012 | 11:27 AM IST

Finance Minister P. Chidambaram said he plans to unveil a path to credible and feasible fiscal consolidation, after a government panel warned the country was on the edge of a fiscal precipice because of high subsidies.

The panel in September said India should urgently slash fuel, food and fertilizer subsidies to curb a budget deficit that could hit 6.1 percent of gross domestic product this fiscal year.

 

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First Published: Oct 08 2012 | 11:27 AM IST

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