27/10/2025 3:13 PM

extraordinaryinfo

Delighting finance buffs

cases

2 min read

Meeting India’s fiscal deficit target in the current financial year is going to be challenging and the central bank has not yet made a decision on its monetisation, the Reserve Bank of India (RBI) Governor Shaktikanta Das said. India has spent more than a month in a nationwide lockdown, with its industries shut, to stem the coronavirus pandemic that has caused 26,496 infections and 824 deaths, among 2.97 million cases worldwide. “Fiscal measures are important and the government is working on a package of measures,” Das, the central bank chief, told news agency Cogencis in an interview published on Monday. Das said he expected the government to take a judicious and balanced call on the question of the fiscal deficit, while tackling the challenges arising from the pandemic. “Meeting the fiscal deficit target of 3.5 per cent this year (2020/21) is going to be very challenging, and going beyond it becomes unavoidable,” he said, adding that direct tax collections may also be hit. Das did not reply specificall

27/04/2020 10:17 AM Mitchell
Meeting India’s fiscal deficit target in the current financial year is going to be...

You may have missed

The Ultimate Guide to Thriving in Business Opportunities
5 min read

The Ultimate Guide to Thriving in Business Opportunities

08/10/2025 10:29 AM Mitchell
Discover the Best Finance Agency for Your Investment Goals
4 min read

Discover the Best Finance Agency for Your Investment Goals

06/10/2025 7:04 AM Mitchell
How Much Should You Spend While Buying A Car
3 min read

How Much Should You Spend While Buying A Car

06/10/2025 12:34 AM Mitchell
5 Common Finance Mistakes and How to Avoid Them
4 min read

5 Common Finance Mistakes and How to Avoid Them

02/10/2025 10:07 PM Mitchell