Even as Covid-19 cases continue to rise, Fitch Ratings has said that India's sovereign rating could come under pressure on account of deterioration in fiscal outlook. The government is unlikely to meet fiscal targets in the current year. Business Standard Opinion pieces for the day talk about the pandemic and other policy issues.
Under the circumstances, the government should neither care about the fiscal deficit targets set by the FRBM Act nor should it stop its expenditure for good ratings by any world rating agency, notes former finance minister Yashwant Sinha and Vinay K. Srivastava Read here
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