The 3 per cent target would now to reached a year later.
He also took potshots at opposition parties' decision to observing November 8 as a 'Black Day', saying the move displays their faith in cash economy.
Economists believe government might settle for a higher fiscal deficit target of 4.5 per cent to fund capex.
"When you switch over, it creates disruption. I don't see disruption lasting too long. You may see the impact for a quarter or so. Then when you look at next 12-15 quarters, it's certainly going to benefit," Jaitley said at the HT Leadership Summit in New Delhi.
'We are working to put up an actual plan in play to deal with the banking situation, which is top of our agenda,' finance minister tells Harvard University students.
Finance Minister Arun Jaitley on Wednesday drove over to Rahul Gandhi's 12 Tughlak Lane bungalow to personally invite the Congress vice-president to his daughter Sonali's wedding.
The amendments were adopted with a significant margin, with the difference of votes ranging between 27 and 34 votes.
Senior journalist Rajat Sharma resigned as president of the Delhi & Districts Cricket Association, on Saturday, citing his inability to continue amidst "various pulls and pressures" within the organisation.
Finance Minister Arun Jaitley presented the Union Budget for 2014-15 on Thursday.
'Would this crackdown of the terrorist module by NIA have been possible without interception of electronic communications?'
Training guns on Jaitley, Ashutosh said the Union finance minister should come clean on the alleged irregularities in the Delhi and District Cricket Association.
Late former finance minister Arun Jaitley's son Rohan is all set to become the next president of the Delhi & Districts Cricket Association (DDCA) and has promised to halt 'unnecessary expenses' in the corruption and controversy-ridden body.
He assured fears of food shortages were far-fetched.
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