The government faces a new internal trade-off between fiscal stability and sticky inflation. The government has a difficult decision on whether to keep gasoline and diesel prices high or low, since in either case, retail fuel prices will hurt the economy in their own way. While high fuel prices can …
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The rate of contraction of the Indian economy slowed significantly in the second quarter, better than estimated by most economists, not because of government support, but despite the fact that the Center cut its spending, especially capital spending. , considered to stimulate the growth of the economy. In the September …
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India plans to seek cabinet approval to sell a 25% stake in the country’s largest life insurer, people with knowledge of the matter said, as Prime Minister Narendra Modi seeks resources to fill a growing budget gap. The government plans to amend the law of parliament establishing the Life Insurance …
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India plans to seek cabinet approval to sell a 25% stake in the country’s largest life insurer, people with knowledge of the matter said, as Prime Minister Narendra Modi seeks resources to fill a growing budget gap. The government plans to amend the law of parliament establishing the Life Insurance …
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The Union Finance Ministry on Monday requested Parliament’s approval to infuse ₹20,000 crore in public sector banks (PSB) through recapitalization bonds. The step becomes important as the infusion of capital will offer support to state lenders to handle the country’s deepening Covid-19 crisis, which has put borrowers under pressure, increasing …
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[ad_1] The government will depend heavily on taxes levied on petrol and diesel to finance its biggest-ever ₹20 lakh crore economic package announced by Prime Minister Narendra Modi on Tuesday to revive the economy hit hard by Covid-19 pandemic. Sensing the enormity of the situation and need for a larger …
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[ad_1] Subbarao said it is quite clear that the government needs to spend more, as it is a moral and political imperative. (File Image) Maintaining that the combined fiscal deficit of the Center and the states can rise to 13-14 percent this fiscal, the former governor of the RBI, Duvvuri …
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[ad_1] Representative image MUMBAI: Burdened by higher expenses due to the devastating impact of the Coronavirus Pandemic of the economy, the government said on Friday that it will borrow from the market around Rs 12 lakh crore in fiscal year 2020-21, a massive increase of Rs 4.2 lakh crore, or …
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