Finance Minister Arun Jaitley has said the government will take bold decisions and pursue path of fiscal prudence to revive the economy. Addressing a gathering on Chartered Accountants Day in New Delhi yesterday, Mr Jaitley said if the government will indulge in mindless populism it will burden the exchequer. Therefore there is need to follow the path of fiscal prudence and discipline. He said, the rate of inflation compared to last year has somewhat come down but it is still beyond the acceptable limits. The Minister also said that high fiscal deficit is the major concern for the government and the ongoing Iraq crisis looms large on the economy. Referring to investment scenario, Mr Jaitley said that after three-four years of pessimism there is hope of revival of economy and now bold decision-making is possible. Observing that India fell off the global agenda, he said, now an interest in the country has suddenly emerged. He said, the responsibility now lies on the government to respond to this new opportunity that has come before the country. While stressing on a reasonable taxation system, the Minister said businesses should understand that free trade also means fair trade. Talking about fears of deficit monsoon, Jaitley said the country has huge amount of foodgrains and there will be no scarcity. He said the government is in a position to manage the crisis.