Fiscal deficit mounting, says industry

New Delhi, Jan 31 | Updated: Feb 1 2006, 05:30am hrs
Phdcci has suggested that the Fiscal Responsibility and Management Act should be made the guiding roadmap for reining in the fiscal imbalance. The chamber feels there are no indications that the forthcoming Budget would address the problem of burgeoning fiscal deficit.

It has noted that although the FM has assured the Budget would unveil a new roadmap for fiscal correction, the final goals spelt out in FRBM Act would not be attained in time.