Tumult on D-Street

Bhuva, Rajiv
March 2011
Business Today;3/20/2011, Vol. 20 Issue 6, p53
The article reports on the concerns expressed by analysts in India on the capacity of Finance Minister Pranab Mukherjee's budget proposals to manage the country's financial deficit in 2011. According to Amar Ambani of India Infoline Ltd., the government will have difficulty in achieving a 4.6% fiscal deficit unless non-tax revenues exceed budget figures. Meanwhile, chief information officer (CIO) Ramanathan K. refers the lower fuel subsidy for 2011 as too optimistic due to high fuel prices.


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