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    <title>Opening Statement of the Union Finance Minister Shri P Chidambaram at a Press Conference Today</title>
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    <description>The government commits to strict fiscal consolidation with a defined fiscal deficit ceiling and to fully finance the current account without drawing on reserves. Policy measures include compressing non essential imports (notably gold), boosting exports via increased incentives and funding, attracting stable foreign financing through FDI liberalisation, public sector fund raising abroad, NRI and institutional investor engagement, and calibrated liberalisation of longer term ECBs in consultation with the central bank.</description>
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