C Rangarajan did point out to the lower revenues and the fisc thus a cause for grave concern, requeting a target of returning to pre crisis Tax GDP ratio levels

Need to keep the CAD 2-2.25% in the medium term and target improving revenues would thus be a good target for the Budget, which s likely to have to insure all expense head sof welfare incl the Food Security, Oil Bill and Fertiliser and Diesel subsidies which should have been reduced 3 years ago.

Posted via email from The India Investment Post