Dr Singh, put on your boxing gloves

The year began on a disturbing note.. Data released showed two low points — both fiscal and current account deficits — at worrisome levels. True, these numbers were not unexpected. However, the bigger concern is that even now there is very little that the government has to offer in terms of solutions. It is true that these core macro imbalances have no short-term answers. However, there is hardly any vision on statements coming from policymakers. For example, the high level of twin deficits triggered talks of raising import duties on gold. 

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