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IASTODAY DAILY CAPSULE -DECEMBER 24 2019 NOTES [UPSC IAS Current affairs]
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IASTODAY DAILY CAPSULES -General Studies-02 IASTODAY CAPSULES are available free -date wise => CLICK HERE India needs fiscal-consolidation path to cut debt: IMF News India needs to consolidate its finances by curbing expenditure and boosting taxes to trim its debt, the International Monetary Fund said. To cut debt The IMF, which estimates India’s economy will expand 6.1% in the year through March, is set to reduce the prediction amid continuing weakness signaled by a decrease in rural consumption and lower business sentiment. The central bank recently cut its full-year GDP expansion forecast to 5% from 6.1%, after quarterly growth slowed to a six-year low. Highlights Government debt rose to a three-year high of 68.1% of GDP in fiscal 2019, the IMF said. Its directors recommend India adopts measures to reduce this to…