17/09/2025 7:58 PM

extraordinaryinfo

Delighting finance buffs

infections

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

Top Business Opportunities You Can’t Miss This Year
5 min read

Top Business Opportunities You Can’t Miss This Year

17/09/2025 1:42 PM Mitchell
How a Finance Agency Helps You Plan for the Future
4 min read

How a Finance Agency Helps You Plan for the Future

16/09/2025 6:44 AM Mitchell
Small Business Trends to Watch Out for in 2024
4 min read

Small Business Trends to Watch Out for in 2024

12/09/2025 11:16 PM Mitchell
How to Scale Your Small Business for Maximum Growth
5 min read

How to Scale Your Small Business for Maximum Growth

11/09/2025 12:02 AM Mitchell