26/08/2025 6:50 PM

extraordinaryinfo

Delighting finance buffs

central

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

How Instant UPI Apps Are Changing the Way We Transfer Money
4 min read

How Instant UPI Apps Are Changing the Way We Transfer Money

26/08/2025 5:52 AM Mitchell
What Today’s Business News Means for Your Business
5 min read

What Today’s Business News Means for Your Business

25/08/2025 3:19 PM Mitchell
How Recent Business News Is Shaping Global Markets
5 min read

How Recent Business News Is Shaping Global Markets

22/08/2025 10:09 PM Mitchell
Simple Finance Tips for Better Money Management
5 min read

Simple Finance Tips for Better Money Management

21/08/2025 9:44 AM Mitchell