New Delhi: Former Reserve Bank of India (RBI) governor Usha Thorat said if necessary the government could use the escape clause in the Fiscal Responsibility and Budget Management (FRBM) Act which allows the central bank to monetise deficit. “There should be a balanced use of all instruments, issuing paper into the market, using the primary […]Read More
Tags : "Budget Management"
By C Rangarajan Policymakers do face a dilemma whereas coping with the financial impression of the coronavirus, regardless that they might not need to acknowledge it overtly. The present refrain of opinions advocates that GoI ought to launch huge expenditure enlargement programmes. There is little doubt that at a time like this, the federal government […]Read More
New Delhi: The Finance Ministry and RBI will maintain a meeting on Tuesday to decide on authorities’s borrowing plan for the primary half of 2020-21 amid the lockdown to comprise the unfold of coronavirus. According to sources, the federal government would resort to front-load its borrowing plan to cope with the challenges posed by COVID-19 […]Read More