Saturday, October 26, 2013

Fiscal 'con'solidation

India's finance minister may fall back on a tried-and-tested accounting gimmick to create the illusion he is hitting his fiscal targets. Though Palaniappan Chidambaram's ploy won't fool savvy investors, it is nonetheless politically convenient. It will shift the deficit burden by one year, by which time it may have become another government's headache............

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