FM calls it right, now it's over to the Central Bank

The budget reflects a realistic perception of the current macroeconomic conditions and it addresses important areas of concern. The finance minister has commendably managed to ease concerns of an unrestrained fiscal deficit. Bringing down the fiscal deficit from 5.7% in 2011-12 to 5.2% in 2012-13 despite the economic slowdown clearly indicates that discipline has been maintained.

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