Business Standard

Mar 19: Moody`s Budget blues

A view of the parliament building is seen on the opening day of the monsoon session in New Delhi

Budget lacks new solutions to address the country's fiscal constraints, global rating agency Moody's Investor Service said on Monday.

"A dependence on corporate tax revenue and vulnerability to commodity prices and exchange rates weakens the government's credit profile," Moody's analysts said in a note to clients.

(Pictures by Reuters)

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