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‘Fiscal balance important, situation demands stimulus for short term’

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  • The current fiscal programme could go on as long as till 2010-11 and the agenda for fiscal policy beyond that year would be determined only later this year when the Thirteenth Finance Commission presents its report, the Economic Survey said. “It is the tendency of governments to get used to certain things and we need to keep re-iterating fiscal sustainability. As of now, fiscal stimulus is required as the problem of low demand is still indicated in data,” Virmani said.

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