29/07/2025 2:41 PM

extraordinaryinfo

Delighting finance buffs

industries

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

Business Ideas You Can Start from Home in 2024
5 min read

Business Ideas You Can Start from Home in 2024

28/07/2025 1:35 PM Mitchell
Essential Business News for Strategic Decision Making
5 min read

Essential Business News for Strategic Decision Making

25/07/2025 12:09 PM Mitchell
 5 Business Opportunities to Explore Right Now
5 min read

 5 Business Opportunities to Explore Right Now

23/07/2025 10:49 AM Mitchell
How to Improve Your Finance Game in 2024
5 min read

How to Improve Your Finance Game in 2024

19/07/2025 11:24 PM Mitchell