India moves to mend public finances, revive growth


NEW DELHI (Reuters) - The Indian government moved on Wednesday to mend its strained finances, which have hit capital investment and put its sovereign credit ratings in peril.

Prime Minister Manmohan Singh's government hiked railway passenger fares after a gap of nine years and later in the day sources in his government said it had proposed an increase in heavily subsidised fuel prices to rein in a swollen fiscal deficit.

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