Home Nation World Business Politics Odd & Weird Region Entertainment Education
Pardaphash Logo
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.
Previous
Sexy Sofia Hayat plays Holi in Bikini
Sexy Sofia Hayat plays Holi in Bikini
Samsung's new phones Galaxy S6 and S6 Edge - A Glimpse
Samsung's new phones Galaxy S6 and S6 Edge - A Glimpse
Siva Karthikeyan, Sri Divya in Tamil Film Kakki Sattai
Siva Karthikeyan, Sri Divya in Tamil Film Kakki Sattai
Shweta Tiwari promotes &TV's show Begusarai in city of Nawabs Lucknow
Shweta Tiwari promotes &TV's show Begusarai in city of Nawabs Lucknow
Sunny Leone breaches the boundaries of seduction in Tere Bin song from Leela
Sunny Leone breaches the boundaries of seduction in Tere Bin song from Leela
Indian World Cup Winning Moments in 2011
Indian World Cup Winning Moments in 2011
Television actress Drashti Dhami marries Neeraj Khemka
Television actress Drashti Dhami marries Neeraj Khemka
Exclusive: Sunny Leone raises mercury in new 'Desi Look' song from Ek Paheli Leela
Exclusive: Sunny Leone raises mercury in new 'Desi Look' song from Ek Paheli Leela
Hansika Motwani seduces in hot photographs
Hansika Motwani seduces in hot photographs
Cricket World Cup Winning Teams since 1975
Cricket World Cup Winning Teams since 1975
Selena Gomez seduces in topless pictures for V Magazine
Selena Gomez seduces in topless pictures for V Magazine
Radhika Apte hot photographs
Radhika Apte hot photographs
Deepika Padukone in a brand new Burberry  Poncho
Deepika Padukone in a brand new Burberry Poncho
World Cup 2015: Match Venues
World Cup 2015: Match Venues
Steamy Sunny Leone in Bollywood film Ek Paheli Leela
Steamy Sunny Leone in Bollywood film Ek Paheli Leela
Next

Related Stories:-

BREAKING NEWS
After Yogendra Yadav, Prashant Bhushan removed from AAP's PAC: Sources
Yogendra Yadav removed from AAP's PAC: Sources
Turkish Airlines Jet Skids Off Runway in Nepal With 224 Passengers Onboard
Uproar in Rajya Sabha over BBC interview of rapist
Lok Sabha passes coal allocation bill
 
Opinion Polls
Who do you feel is the best batsman in team India in World Cup 2015?
Virat Kohli
Rohit Sharma
Ajinkya Rahane
Shikhar Dhawan
Suresh Raina
MS Dhoni
Others


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: Azam Khan drives bus; Hits divider, risk hundreds of lives