The Nehru-Gandhi school of economics
On Tuesday, foreign institutional investors sold Indian paper heavily and the 30-share Sensex crashed 590 points, or 3.18 per cent. They were spooked by the passage of the food security Bill by the Lok Sabha the previous day. This, they fear, will throw this year's fiscal deficit out of gear. Finance Minister P Chidambaram's assertion the next day that the deficit would not exceed the target did little to allay their fears.
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