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COPYRIGHT 2004 Asia Pulse Pty Ltd
An executive briefing on the economies of Asia for March 26, 2004, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia based wire with exclusive news, commercial intelligence and business opportunities.
INDIA'S FISCAL DEFICIT MAY BE ON TARGET AT 4.8 per cent OF GDP IN FY04
NEW DELHI - Enthused by higher funds from sales of Public Sector Unit (PSU) shares and buoyant direct tax collection, the Indian government today indicated that the fiscal deficit will be less than 4.8 per cent of GDP during 2003/04.
"It will be a pleasant surprise. If ever, we will be able to achieve the fiscal deficit target, it will be this year," senior Finance Ministry officials said yesterday.
SOUTH KOREA, SINGAPORE MOVE CLOSER TO FREE TRADE DEAL
SEOUL - South Korea and Singapore have made significant progress in a proposed free trade agreement (FTA) at the end of a second round of talks, brightening the prospect for the bilateral deal by the end of this year, the foreign ministry said today.
During the three-day meeting here, the two sides reached partial agreement on investment, intellectual property rights and conflict resolution, according to the Ministry of Foreign Affairs and Trade.
INDIAN GOVT PLANS TO RAISE US$13.2 BLN IN H1 OF 2004/05
MUMBAI - As part of its borrowing programme, the Indian government plans to raise Rs 590 billion (US$13.23 billion) from the securities market in...
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