Photo: HTNew Delhi: The finance ministry may have pushed back implementing the new fiscal consolidation roadmap recommended by the N.K. Singh committee by two years after it asked the 15th Finance Commission to be chaired by Singh to dwell on the same matter. This could mean putting off meeting the fiscal deficit target of 3% of GDP for 2018-19 by a year or two. Jaitley has recently hinted at a recalibration of the fiscal consolidation roadmap, vowing to continue with the glide path. The fiscal responsibility and budget management (FRBM) review committee headed by N.K.

Source: Mint November 28, 2017 23:03 UTC