Hire Mary to knock out fiscal deficit, Mahindra tells FM
Tycoon's tweet followed Mary Kom's victory in the women's 51 kg category quarterfinal bout in London Olympics
The euphoria of boxer Mary Kom's assurance of a medal at London 2012 has led to Mahindra & Mahindra Vice-Chairman and MD Anand Mahindra suggesting new Finance Minister P Chidambaram to hire her to "knockout" fiscal deficit.
On a day when Chidambaram announced steps to boost investment and economy by fine-tuning policies, the win of the lone Indian woman boxer at the ongoing Olympic games over Tunisia's Maroua Rahali also came as a source of inspiration to lift the slowing economy.
"Mr Finance Minister, you need to hire Mary Kom, complete with a superhero cape. You'll have a real shot at a knockout blow to the fiscal deficit," Mahindra tweeted.
His tweet followed the five-time world champion's victory in the women's 51 kg category quarterfinal bout against the Tunisian opponent, which she won by a 15-6 margin. With the win, she created history as India was assured of its fourth medal.
Chidambaram, who took charge of the finance portfolio last week, made a detailed statement today as to how he planned to boost investment and economy by putting in place a stable and non-adversarial tax regime, a possible cut in interest rates and measures to attract domestic savings and foreign capital.
He has also directed a review of tax provisions that have a retrospective effect in order to find a fair and reasonable solution to pending as well as likely disputes between the tax department and assessees concerned.
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