Fix it now, else it will be back to 1991: Kelkar

India's fiscal deficit for the financial year 2012-13 could touch 6.1% of the gross domestic product (GDP) if corrective measures are not taken immediately, a committee headed by former finance secretary Vijay Kelkar has said in its report. The committee, which was set up by finance minister P Chidambaram to chalk out a roadmap for fiscal consolidation...

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