Fitch Updates Repackaged Senior Structured Finance Notes Criteria; No Rating Impact
The man clutched a staff, on which a plastic container for motor oil with the BP logo was impaled. – [/] An installation piece at Basel Art. – [/] An installation piece with paper tubes at Basel Art. – [/] A gallery scene at the Scope Basel show.
India’s Finance Minister Vows Not To Overspend
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Woodbury Finance Board Approves Several Cuts
The Board of Selectmen sent a list of proposed budget reductions , generated by Woodbury department heads at the request of First Selectman Jerry Stomski, to the finance board Wednesday. The finance board then met Thursday night and approved every one of the proposed reductions with the exception of a $10,000 cut for elimination of a part-time police officer. The largest reduction approved by the board was a $100,000 cut from the roads account. The board then put an additional $96,000 fromthe projected surplus into the budget, according to Board of Finance Chair Bill Butterly. These cuts bring the towns projectedmill rate up to 23.4.
India has $279 billion in foreign reserves as of July 19, according to the Reserve Bank of India. Emerging market countries often use reserves to fend off speculative attacks against its currency, and to provide a cushion against external debt service. The FinMin said that Indias target for this years fiscal deficit was still 4.8%. It is a red line and it will not be breached, he said on a day that economic data out of the country showed the government had run up a fiscal deficit of nearly half the budgeted amount in the first quarter. The fiscal deficit for April-June quarter was 48.4% of the budgeted amount compared with 37.1% in the same period last year, the ET reported Thursday.