Diabytes
Fiscal discipline News
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Calling the reform process slow and gradual with muted private investment and NPAs posing a challenge, Moody's today said it could upgrade India's rating in 1-2 years if it is convinced that reforms are "tangible".
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In a post-Budget 2016-17 meeting with India Inc on Wednesday, Finance Minister Arun Jaitley reiterated the need for fiscal discipline and said he was optimistic of the reform process moving ahead in parliament.
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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.
Brazil`s new Finance Minister Joaquim Levy on Monday targeted fiscal discipline and spending cuts to return the world`s seventh largest economy to growth and attract faltering investment.
India's economic growth remained below the 5 percent mark at 4.7 percent in 2013-14.
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