Govt's fiscal strain mounts: Will it meet fiscal target?
By Bianca Ghose, Sapna Das | Published On: September 11, 2012 07:30 (IST) | Duration: 2 min, 18 sec
The government, which has set an ambitious disinvestment target of Rs 30,000 crore for 2012-13 and contain the fiscal deficit has not been able to kick-off its share-sale plan for any of the PSUs due to volatile market conditions. Sources within the Finance Ministry have now sounded off the alarm bells. They say that the govt is unlikely to meet either the disinvestment target or the 5.1 per cent fiscal deficit target for FY13.