Moody's points to fiscal, inflation worries

................Moody’s has repeatedly stated it is more concerned about the medium-term plan for the fiscal deficit and not only this year’s target. The finance ministry has already committed to reining in the fiscal deficit at three per cent of GDP by 2016-17. Mayaram said the government had set up an Expenditure Management Commission, which would look at broad contours of subsidy rationalisation.....

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