India Fiscal Cliff: What is the problem and what can be done?

Update: 2012-11-19 10:02 GMT
Finance minister P Chidambaram's hard talk on fiscal consolidation had a few buy-ins initially, but the inability to push disinvestment and muted response to auction have reignited fears of massive fiscal slippage. Problem, experts say, is that consolidation is being driven through revenue side whereas the trouble is with expenditure......Read More

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