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Budget 2013-14: FM lures FIIs, assures to cut deficit by 60bps for 4 yrs

The finance minster has promised foreign institutional investors (FIIs) that he will stick to the 5.3% deficit for the current year. He aims to reduce the deficit by 60 basis points in each year for the next four years till it reaches 3%.

first published: Jan 22, 2013 05:59 pm

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