New Delhi Strong Steps

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In any case, the government must take steps so that the revenue account deficit reduces to zero in one or a maximum of two years. The onslaught of fiscal indiscipline, which has already done irreparable damage to the national economy, must stop. Only then will the government would be able to check inflation and price rise on the one hand and stimulate economic activity and the capital market on the other.
First Published: Sep 03 1996 | 12:00 AM IST