Amid a debate over whether the government will miss the fiscal consolidation road map in the current and next financial years, Finance Minister Arun Jaitley on Thursday said even minor fiscal slippage by the Centre now invited criticism. He took on the previous United Progressive Alliance (UPA) regime for letting the fiscal deficit widen by a large margin.
“India under the UPA had started losing credibility with large fiscal slippages, while the (Narendra) Modi government has brought down the 4.6 per cent fiscal deficit inherited from the UPA government. Even a minor fiscal slippage draws flak now," he said while