Assocham Prez Dhoot For Curbing Fiscal Deficit, Oil Subsidy

Industry lobby Assocham today urged the Finance Minister to reduce government expenditure and raise revenues to narrow the widening fiscal deficit.

“The government should have enough political courage to align domestic fuel prices to international prices. Otherwise subsidising oil products, especially diesel, will add to the already huge fiscal deficit and increase inflation further, wiping out even the small gains we see in the economy,” Assocham’s newly-elected president Rajkumar Dhoot in a statement.

From: http://ping.fm/f1MqL