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Budget 2015: Jalan endorses higher deficit to boost growth

Jalan heads a panel tasked with suggesting measures to reduce subsidy bill and create space for capital spending without compromising fiscal discipline

Reuters  |  New Delhi 

Former Reserve Bank of India governor Bimal Jalan has said Prime Minister Narendra Modi should not shy away from loosening the deficit target to ramp up public investment. Jalan heads a panel tasked with suggesting measures to reduce subsidy bill and create space for capital spending without compromising fiscal discipline. Read our full coverage on Union Budget His expenditure management panel last month submitted to the government an interim report that is widely expected to inform the Budget, which will be unveiled on February 28. "What I am trying to get at is that nothing ...

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