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Tuesday, December 8, 2009

Fiscal deficit to be around target - finmin official

India's fiscal deficit for the current fiscal year ending in March will be around the targeted 6.8 percent of gross domestic product, a senior finance ministry official told reporters on Tuesday.

The official said that direct tax receipts would exceed expectations while total tax receipts will meet target.

The finance minister had on Tuesday said India does not need to borrow more than planned to fund its additional proposed expenditure.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Monday, Apr 07
21:00 3-Month Bill Auction 1 4.175% 4.205%
21:00 6-Month Bill Auction 1 4.00% 4.07%
Tuesday, Apr 08
00:30 Consumer Credit Change 1 $-0.81B $15.20B $18.08B
03:30 NZIER Business Confidence (QoQ) 2 19% 16%
04:40 Fed's Goolsbee speech 2
07:00 National Australia Bank's Business Confidence 1 -1
07:00 National Australia Bank's Business Conditions 1 4
11:15 Unemployment Rate s.a (MoM) 1 2.7%
15:30 NFIB Business Optimism Index 1 101.3 100.7
18:25 Redbook Index (YoY) 1 4.8%
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