Agost Benard
Agost Benard
past
have tended to be slow, reactive, and incremental over the past year.
delays state subject until value
If you look at the state of the value-added-tax, it has been subject to a lot of delays and setbacks, so we won't know if it will be implemented until it happens,
budget governance hard local needs provincial
Local and provincial governance needs to be improved. There will have to be hard budget constraints.
government india indian light policy public ratings record role standard strong support track
In light of the bank's public policy role and the track record of strong support from the Indian government, Standard & Poor's equalizes its ratings on India EXIM with those on the sovereign.
among appears domestic fiscal general increased largest main pace reason slower terms trend
The main reason for a slower pace of issuance appears to be a general trend of increased fiscal consolidation by governments in terms of GDP (Gross Domestic Product), especially among some of the largest borrowers.
government handle position prompt respond shock whatever
The government will respond in a more prompt and appropriate way. They will be in a better position to handle whatever shock may come their way.
additional generate law
We have yet to see how the law is going to be implemented, how much revenues would it generate and how these additional collections would be spent.
case caught classic effective external fuel government gradual high monetary oil policy response shocks
What we would look for is a gradual phasing out of the fuel subsidy and a more effective and coordinated policy response from the government and monetary authorities as and when shocks arise. Shocks such as high oil prices, a classic case of external shock, caught the government by surprise.
achieved fire official outlook progress revert stable tangible
The outlook could revert to stable if substantial and tangible progress is achieved in maintaining the official cease- fire.