P. Chidambaram's health mantra: Go frugal to be fiscally fit

Comments 0
P. Chidambaram has managed to show the fiscal deficit for FY14 at 4.6% against the targeted 4.8%. P. Chidambaram has managed to show the fiscal deficit for FY14 at 4.6% against the targeted 4.8%.
SummaryP. Chidambaram has managed to show the fiscal deficit for FY14 at 4.6% against the targeted 4.8%.

of global crude prices helped a bit, but rupee's weakness has been a negative. The direct benefit transfer, which could allow savings of Rs 50,000-60,000 crore in subsidies, rationalisation of the spending on some of the flagship social sector schemes and use of technology to reduce leakages would help increase quality of government spending.

Renewed focus on cheap energy (more efficient domestic production, exploration of newer sources like shale gas, creation of economically rewarding overseas oil, gas assets and cheaper imports) is an imperative.

Single Page Format
Ads by Google

More from FE Special

Reader´s Comments
| Post a Comment
Please Wait while comments are loading...