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    <title>Text of the Statement by the Union Finance Minister Shri Arun Jaitley on the United Kingdom Referendum; FM: We are well prepared to deal with the short and medium term consequences of Brexit;. Our macro-economic fundamentals are sound with a very comfortable external position, a rock-solid commitment to fiscal discipline, and declining inflation. Our immediate and medium-term firewalls are solid too in the form of a healthy reserve position</title>
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    <description>The statement asserts India is prepared to manage short- and medium-term consequences of the UK referendum, relying on a macro-economic framework that emphasises stability through comfortable external balances, robust reserve buffers, fiscal discipline and easing inflation. It announces coordinated action by the government, the Reserve Bank of India and other regulators to smooth short-term volatility, and reiterates pursuit of a reform agenda, including early passage of the Goods and Services Tax, to bolster medium-term growth potential.</description>
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    <pubDate>Fri, 24 Jun 2016 12:21:08 +0530</pubDate>
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