India.

• Position: Update - Brief Article

India's Central Bank Governor Y V Reddy leas reiterated that reducing the country's fiscal deficit remained a "challenge" for Asia's third-biggest economy. The Government's recently proposed act to rein in Government spending "is a step in this direction", Reddy said in a speech at the International Monetary Fund's annual conference in Dubai. The Fiscal and Budget Management Act will "put in place the institutional structure for greater transparency" and "a phased...