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Budget 2012: Capping subsidies to 2% of GDP is a welcome move, says Chanda Kochhar

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  • Published On: March 16, 2012
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Chanda Kochhar, MD and CEO of ICICI Bank says the Budget is a pragmatic one. Capping of subsidies bill to 2 per cent of Gross Domestic Product (GDP) is a welcome move. The proposal to limit fiscal deficit to 5.1 per cent looks good but should be implemented successfully.
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