The Hindu : Opinion / News Analysis : Corrections and clarifications

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Friday, Feb 27, 2009
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Opinion - News Analysis

Corrections and clarifications

In the Editorial “In small doses” (February 26, 2009), the second sentence in the first paragraph read, “Estimated to cost the government Rs.30,000 crore by way of revenue loss in 2009-10, the package includes a 2 per cent cut in the median excise duty and service tax rates — down from 10 per cent to 8 per cent.” Excise duty was cut from 10 per cent to 8 per cent, and service tax from 12 per cent to 10 per cent.

In the second paragraph, the word “deficit” was missing in the sentence, “For 2008-09, the estimated revenue [deficit] is at 4.4 per cent and the fiscal deficit at 6 per cent of the GDP — sharply higher than the budgeted 1 per cent and 2.5 per cent.”

It is the policy of The Hindu to correct significant errors as soon as possible. Please specify the edition (place of publication), date and page.

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