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Lok Sabha passes Finance Bill 2011

The Lok Sabha on Tuesday passed the Finance Bill 2011. Discussing the details of the bill Finance Minister Pranab Mukherjee said the government has opted for significant fiscal consolidation in financial year 2012. Fiscal consolidation is necessary, he said, adding, "We plan to reduce fiscal deficit to 2.5% and revenue deficit to nil."

first published: Mar 22, 2011 05:55 pm

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