The objective is to meet the targets under the Fiscal Responsibility Act by 2008-09. The average current account deficit since 1950-51 has been around one per cent of the GDP. During this period, except for 11 years when there was marginal surplus in the current account, we had modest deficit during the rest of the years.
It is in recognition of this reality that several international bodies, most prominently the Financial Action Task Force (FATF) and its regional counterparts, including the CFATF, have developed a host of recommendations and best practices to help all countries strengthen their anti-money laundering efforts. For the past three years the CFATF has been conducting Mutual Evaluation of its members.