Tag: india

Finance Minister Nirmala Sitharaman, while speaking at an intervention of the World Bank Development Committee‘s meeting, urged the World Bank to avoid having a “unidimensional” view of the subsidies that the Indian government provides. She asserted that it is important to differentiate between “distortive subsidies” and “targeted support” to vulnerable households. She said that the…

A senior official of the International Monetary Fund (IMF) has applauded India for its seamless direct benefit transfer programme. India’s case is “quite impressive” given the “sheer size” of the country, said Paolo Mauro, deputy director of the fiscal affairs department, responding to a question on its successful implementation by the government. Mauro was addressing…

The Reserve Bank of India Governor Shaktikanta Das on Friday said that the central bank’s forex reserves umbrella has continued to remain strong despite uncertainty in markets. He said the RBI has been intervening in the forex market based on continuous assessment of the prevailing and evolving situations. Das said about 67 per cent of…

The government on Thursday marginally cut its planned market borrowing for the current fiscal year, sending a strong signal that the fiscal situation is comfortable despite higher expenditure on food and fertiliser subsidies. The lower-than-budgeted borrowing plan is expected to provide some comfort to the jittery bond market, ahead of the Reserve Bank of India…