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  Oil subsidy, rupee may push fiscal deficit above 5 percent

  September 28, 2013 7:30 IST

  New Delhi: Widening oil subsidy and weakness in rupee are likely to push India's fiscal deficit above 5 percent in the current financial year as against the budgetary target of 4.8 percent, a ratings and

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  Assocham Prez Dhoot For Curbing Fiscal Deficit, Oil Subsidy

  February 28, 2012 19:48 IST

  Mumbai, Feb 28: Industry lobby Assocham today urged the Finance Minister to reduce government expenditure and raise revenues to narrow the widening fiscal deficit.“The government should have enough political courage to align domestic fuel prices