New Delhi, March 16
Issuing a strict warning on the high borrowings by the government, Union Finance Minister Pranab Mukherjee said the nation couldn’t sustain on unlimited borrowing. India’s fiscal credibility will be seriously challenged if it indulges in extravaganza, said the Finance Minister while replying to debate on the General Budget in the Rajya Sabha here this evening.

Mukherjee said: "Our fiscal credibility will otherwise be seriously challenged, if we indulge in financial profligacy…. It is not possible." The government, he said, had injected Rs 1,86,000 crore through a series of stimulus package during the global financial meltdown since 2008.