Cuts News

"Given the important role that trade can and should play in our economic growth, relevant government agencies in India need to adjust exchange rates in a manner that they make our trade more competitive, without much pressure on our inflation," it said in a statement.

Taking aim at the government's Ujjwal Discom Assurance Yojna (UDAY), the Consumer Unity and Trust Society International (CUTS) today said the scheme is only going to add to the woes of the electricity distribution sector already burdened with huge losses.

The IMF urged Brazil to get its fiscal house in order to emerge from five years of low growth as South America`s largest economy Friday unveiled a package of budget cuts in a move to kickstart a recovery.