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League Business Desk
Expressing India's commitment to fiscal prudence, Finance Minister P Chidambaram on Tuesday said the government will contain deficit at 5.3 per cent of GDP in the current year, and bring it down to 4.8 per cent in 2013-14.
The National Innovation Council (NInC) has decided to include the Startup Village, country's first telecom incubator, as its officially backed showcase project -- a move that would prompt other state governments to replicate this model. India and Australia on Monday moved towards further cementing their strategic partnership as they agreed to begin negotiations here in March on a nuclear pact besides broadening trade and economic relations. Indian economy is projected to grow at a slower pace of 6.1 per cent this year even as exports and capital investments are likely to be much better than in 2012, according to the United Nations. Japanese consumer electronics giant Sony has said its Indian operations have emerged as its fourth largest globally, overtaking businesses in Brazil and Russia by the end of December quarter this fiscal.
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