NEW DELHI (Reuters) – India’s finance minister P. Chidambaram is placing welfare, defence, atomic stamina plus road projects beneath the knife inside a final attempt to hit a tough fiscal deficit target by March, endangering short-term financial development plus angering cabinet colleagues. The cuts can minimize spending by regarding 1.1 trillion Indian rupees ($ 20.6 billion) inside the active financial year, certain 8 % of budgeted outlay, or about 1 % of estimated gross domestic product, 2 senior finance ministry officials along with a senior government adviser told Reuters. …
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