https://www.taxtmi.com/news?id=1939 DBRS upgraded the trend on India's long term sovereign credit ratings to stable, citing commitment to fiscal consolidation and medium term debt reduction. The agency highlighted planned infrastructure investment with private participation, the potential benefits of a direct tax code for tax efficiency, and a national ID scheme to raise tax compliance and streamline social spending. DBRS also credited coordinated monetary and fiscal policy responses for restoring growth, and noted that sovereign assessments consider external finances and macroeconomic management. en-us Fri, 24 Jun 2011 17:02:09 +0530 Fri, 24 Jun 2011 17:02:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=1939 DBRS upgraded the trend on India's long term sovereign credit ratings to stable, citing commitment to fiscal consolidation and medium term debt reduction. The agency highlighted planned infrastructure investment with private participation, the potential benefits of a direct tax code for tax efficiency, and a national ID scheme to raise tax compliance and streamline social spending. DBRS also credited coordinated monetary and fiscal policy responses for restoring growth, and noted that sovereign assessments consider external finances and macroeconomic management. News - Fri, 24 Jun 2011 17:02:09 +0530 https://www.taxtmi.com/news?id=1939