IMF Lauds India for Cutting Fuel Subsidy

Washington: The International Monetary Fund (IMF) has lauded India's efforts to cut fuel subsidies, saying the fall in global crude oil prices provides a golden opportunity to reduce energy subsidies. While speaking about the outlook for the global economy in 2015, IMF Managing Director Christine Lagarde said that the drop in oil prices provides a golden opportunity to cut energy subsidies and use the savings for more targeted t...