Government Will Stick To 3.3% Fiscal Target This Year: Arun Jaitley

INSUBCONTINENT EXCLUSIVE:
Arun Jaitley said oil prices have a direct impact on India, since the country is a major importer.New Delhi: The government will stick to
ability to be within that 7-8 percent range is fairly certain though I see comments to the contrary but I am fairly certain
"Even in this year, despite all the odds, we will be able to maintain our fiscal targets because when current account deficits are impacted
by oil prices and strengthening dollar, the last thing that India can afford is to run itself into a twin deficit situation because a
has budgeted to contain fiscal deficit at 3.3 per cent of the GDP in the current fiscal, lower than 3.5 per cent in 2017-18
direct impact on India, since the country is a major importer
India, he said, has a particular resistance capacity to deal with rising crude oil prices and when it breaches the limit, it can impact
challenges stare us in the face, we want at least our internal domestic capacities be strengthened to put up our resistance
Indian economy is now fairly large for us to display a certain level of resilience not withstanding the adverse global trends, IMF forecast
of slight slowdown
challenges to the economy, Jaitley said there is a need to get out of the "syndrome of difficulties in credit" and improve the liquidity
situation in the market
The second challenge is "even when the election year debate goes on, many like you (industry) will have to flag to different players in the
have fragile coalitions for stable policy decisions and continue on the path of reforms."You need a decisive leadership, you can't have
fragile coalitions because at the end of the day if one partner says I can pull down the government if you don't declare my state as special
coalition government would lead to a situation where the country probably will have a helpless Centre dependent on these kind of
players."And what the founders of our nation envisaged that India, which is Bharat, which is a union of states, then ending up as a
confederation of states and that is the last thing that India can afford
"If you need policy clarity, you will need policy and directional stability and you will need a decisive leadership which moves in that
Narendra Modi in September launched the Ayushman Bharat - Pradhan Mantri Jan Aarogya Yojana which aims to provide a coverage of Rs 5 lakh
per family annually, benefiting more than 10.74 crore poor families for secondary and tertiary care hospitalisation through a network of