business

Govt must set out fiscal deficit range, not target: Bimal Jalan

The Indian government has been very responsible fiscally over the past few years and the practice of setting out specific fiscal deficit targets should be done away with in favour of adopting a deficit range, said Bimal Jalan, former RBI chief and head of the government's Expenditure Management Condition.

first published: Feb 15, 2016 05:38 pm