The government expects the current account deficit to reach $41.8 billion, or 2.7 percent of projected GDP, in the fiscal year to next March, but said this week that it was comfortable unless the current account exceeds 3 percent of GDP. * India's trade deficit swelled in July to its biggest level in 22 months, as a purchasing index showed a slowdown in export orders for the country's manufacturers in August. Handique, Minister for Mines, was reported as saying. "The state governments are firmly backing this proposal and I will ensure that it is part of the new mining law," B.K. * India's mining ministry will force companies to share profits with people displaced by the industry, The Economic Times reported on Friday. On the contrary, both organised and unorganised retail will grow," Anand Sharma was quoted as saying. "There are sceptics and scaremongers who will say that it should continue the way it is and there will be job losses. * India's commerce and industry minister supports allowing foreign direct investment (FDI) into the country's multi-brand retail industry, the Economic Times reported on Friday. Chakrabarty, deputy governor at the Reserve Bank of India (RBI), said on Friday. * India's central bank has said that there is no concern over capital flows into India, K.C. Sept 3 (Reuters) - Following are statements from Indian policymakers as well as the latest news and scheduled events.
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