Gosh ! As suspected,India prints Plenty Currency Notes to fund it’s rising Fiscal Deficit !
An Unhealthy Year provokes an Unhealthy Practice! Our Fiscal Deficit was Rs 304000 crs for the Eleven months at February 2009 and is expected to cross even revised estimate of Rs 326515 crores for the year ended March 31,2009…6% of our GDP !…When we began FY 09,the first estimate of the Fiscal Deficit was just 2.5% of …