It would be extremely difficult for the RBI to keep interest rates low if inflation remains elevated
The move, if approved by the union cabinet, would facilitate privatisation of India's second biggest oil refiner Bharat Petroleum Corp Ltd.
Borrowing directly from the RBI, bypassing the market, to finance expanded deficit is best avoided, despite some influential calls to the contrary
The government in the revised estimates in the Budget for 2021-22 forecast a higher fiscal deficit of 9.5% of the GDP or Rs 18,48,655 crore for the fi
According to the Budget for 2021-22, the government's gross borrowing was estimated at Rs 12.05 lakh crore in the financial year beginning April 1
Fiscal deficit is likely to touch Rs 18.48 lakh crore or 9.5% of the GDP
Truthful economic data creates better and enduring trust in policy making and sends a signal to all economic agents that the government means business
The Union Budget for FY22 has budgeted Rs 6.66 lakh crore for distribution out of the net proceeds of central taxes (FY21RE: Rs 5.50 lakh crore)