FM: Ghost of GAAR buried, investors showing interest

Jan 23 2013, 00:48 IST
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Summary* ‘No threat of ratings downgrade, govt staying course on FDI’

country with all its facilities at par with those available abroad.

The minister also said any comparison between the economies of India and China at this stage is irrelevant as they face radically different problems — the first time an Indian minister has acknowledeged the disjunct. “They are a revenue surplus country. They have got current account surplus. They got huge foreign exchange reserves,” Chidambaram told PTI.

‘Disinvestment target not less than Rs 30K crore’

HONG KONG: The government is likely to fix the disinvestment target for the next fiscal at not less than Rs 30,000 crore, the target for the current fiscal, finance minister P Chidambaram said here on Tuesday.

“I have not drawn up the size of the next year’s programme, but... it will not be less than this year. This year we targeted Rs 30,000 crore...,” Chidambaram said. PTI

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