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Arun Jaitley

Defiant Deficits

The expenses of the government have defied gravity, revenues are southwards-bound, while the finance minister is committed to limiting its fiscal deficit to no higher than 3.3 per cent of the country’s gross domestic product.

Dabbling with debt

The numbers showing government liabilities increasing 49 per cent to Rs 82 lakh crore (September 2018 figures) over the few years of Mr Narendra Modi’s rule, are disconcerting.