Don't expect fireworks from FM on fiscal deficit

July 10, 2014 11:01

Real fiscal consolidation and reducing the subsidy burden are the two most critical issues the markets will watch for in finance minister Arun Jaitley's Budget.However, to slay the dragon called fiscal deficit, the government either needs to augment its revenues or cut expenditure.Economists believe Jaitley does not have any room left to cut either expenditure or subsidies.

What that basically means is do not expect miracles from the budget. Read

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