Deficit sets alarm bells ringing
Govt’s fiscal profligacy has made a mockery of the FRBM Act The government’s fiscal profligacy has made a mockery of the FRBM Act. Pranab Mukherjee sounded pleased earlier this week when he told a TV interviewer that India’s projected fiscal deficit of 6.8 per cent of GDP in 2009-10 was still better than the 11…