Home Nation World Business Politics Odd & Weird Region Entertainment Education
HINDI


Fiscal deficit to touch 6.1 percent: Assochem




Published by:
Published on: Sun, 13 Jan 2013 at 12:33 IST
Fiscal deficit to touch 6.1 percent: Assochem
New Delhi: Assochem expressing its concern over prevailing economic situation has stated that country's faltering growth coupled with Inflation can lead it to a similar crisis situation faced by it in 1991.

In its paper, Assochem, said that with public finances remaining in great stress, the Central Government fiscal deficit may even go to touch 6.1 per cent of GDP in the current financial year 2012-13.

It has stated that country has the least room for counter- cyclical fiscal policy response if anything affects global markets.

It said faltering growth, unresponsive skewed inflation, continued turbulence in the global economic conditions and widening infrastructure deficiencies are challenging India's growth story.

"If appropriate action is not taken in time, we are likely to be in a worse situation than in 1991 for several reasons," chamber stated.
Fire engulfs cracker market at Dussehra Ground in Faridabad
Tamanchey stars Richa Chadda, Nikhil Dwivedi promote their film in Lucknow
Samajwadi Party's National Convention Day 2014
UP CM Akhilesh Yadav lays foundation stone of Lucknow Metro
Ramleela fervor grips Lucknow people
Ganpati Visarjan 2014: Lucknow people bid adieu to Ganpati Bappa
Kathakali dance performance at Lucknow by Kerala artist to promote tourism
Priyanka Chopra promotes Marry Kom in Lucknow
10 best pictures of Star Plus' popular show 'Mahabharat'
Kareena Kapoor and Ajay promoting upcoming movie Singham Returns
Mohit Marwah at Life Ok Awards
Kareena Kapoor at Television show Jhalak Dikhhla Jaa
Police Charge Batons over Shia Muslims in Lucknow
Salman Khan's upcoming movie 'KICK' - promotion handled by Events N More (Mumbai)
Mohanlalganj Rape: BJP Youth Wing Conducted 'Hawan' to Purify Mulayam Singh's Mind
>>

Related Stories:-


Opinion Polls
Who is the most popular Bigg Boss 8 contestant?
Karishma Tanna
Diandra Soares
Sushant Digvikar
Pritam Singh
Minissha Lamba
Arya Babbar
Natasha Stankovic
Soni Singh
Puneet Issar
Gautam Gulati
Praneet Bhatt
Sonali Raut
Ali Quli Mirza
Upen Patel

Pardaphash name, logo and all associated elements ® and © 2011 Mahakaal News Management Pvt. Ltd.
All rights reserved. Pardaphash and the Pardaphash logo are registered marks of Mahakaal News management Pvt. Ltd.
Pardaphash is hosted with Enzoo could compute engine.
Valid XHTML 1.0 Transitional
This page is generated in : 0.008 Seconds




EXCLUSIVE: Uttar Pradesh marching on path of development: Alok Ranjan (INTERVIEW)