Budget 2016: Rating agencies pick holes; S&P says no revision for 2 years

Global rating agency Standard & Poor’s has said the Budget contains a number of positives but the roadmap for fiscal consolidation is tepid and there was no room for any positive action in the next two years. Its grouse arises from the fact that the Finance Minister has stuck to the fiscal deficit target announced last year at 3.

Posted: 2016-02-29 19:40:00

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