Indian hedge funds way behind Asian peers



Indian funds did better than Asian ones in only four of the 10 months — till October. Despite much market optimism, presumably around policy interventions and guided by buoyant flows, India’s macro backdrop may be turning for the worse.



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More bad news, Goldman pegs FY20 GDP growth to 5.3%



The brokerage said the consolidated fiscal deficit, including that of the Union (3.6 per cent), the states (2.6 per cent) and the off-budget borrowings which are being resorted to increasingly is a worry.



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The long-term benefits of corporate tax rate cut



Amid debate over the possibility of widening fiscal deficit because of the reduction in the corporation tax rates, announced recently by Finance Minister Nirmala Sitharaman, Revenue Secretary A B Pandey tells Indivjal Dhasmana that the crucial parameter is whether the deficit number reflects disciplined fiscal behaviour of the central government.



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