Page 4 - Fiscal Consolidation
Govt should stick to existing fiscal consolidation: PM's Advisory council
The CSO in its latest forecast, has pegged GDP to grow at a rate of 7.2% for 2018-19
 "Govt should stick to existing fiscal consolidation: PM's Advisory council")
GST, farm debt waivers likely to hit fiscal consolidation
Liabilities of states that opted for UDAY may increase
 "GST, farm debt waivers likely to hit fiscal consolidation")
Moody's: Fiscal consolidation key for ratings upgrade
Moody's Investors Service could consider upgrading India's sovereign rating if the government's planned fiscal consolidation is faster than its expectations, Marie Diron, a senior vice-president at the agency's Sovereign Risk Group told Reuters on Thursday.However, if the government slowed its fiscal consolidation plans or faltered on its reform implementation, the ratings agency would stabilise the rating at the current "Baa3," Diron said."What would potentially trigger an upgrade would be a faster progress in fiscal consolidation than we are currently expecting," Diron said in a telephone interview from Singapore. The ratings agency currently rates India at 'Baa3', the lowest investment grade rating, with a 'positive' outlook. Diron added Moody's was focussing on the credibility and effectiveness of the country's monetary policy framework more than on who the central bank governor was when asked about the re-appointment of the Reserve Bank of India Governor Raghuram Rajan to a second
