New Delhi: The central government will unveil new plans for fiscal consolidation through control of expenditure on Monday, finance ministry sources said, as the government pushes ahead with a slew of initiatives to stimulate a sluggish economy.

After years of policy inertia that hit investments and slowed down the economic growth to a near three-year low, the Congress party-led ruling coalition is on a reform overdrive as it looks to prevent India's credit rating being downgraded to junk.

(Agencies)

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