9911796707
TMI BlogNon-inflationary budget to aid RBI in monetary easing: Finance SecyX X X X Extracts X X X X X X X X Extracts X X X X ..... Non-inflationary budget to aid RBI in monetary easing: Finance Secy X X X X Extracts X X X X X X X X Extracts X X X X ..... fiscal policy and the monetary policy need to work in tandem, not at cross purposes … Because a lot more benefit will come also with monetary easing, if we are able to maintain inflation control," Pandey said. The Budget has projected a 4.4 per cent fiscal deficit in FY’26, down from 4.8 per cent for the current fiscal year. "It's very important to be clear (what) we have to do within a certa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in fiscal regime. And, we have to that extent aided the monetary authorities...," Pandey said at an Assocham post-Budget interaction here. The monetary policy committee (MPC) of the Reserve bank of India (RBI) will begin its three-day meeting on February 5. The MPC will announce its policy decisions on February 7. Asked about the concerns of rupee depreciation impacting inflation, the Secretar ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y said the depreciation to some extent brings about imported inflation, but it also adds to export competitiveness.
To a question on whether the Monetary Policy Committee will decide to cut policy rates, Pandey said "I think it's a call that MPC will take. They are seized of the situation. They will take a call." PTI JD DRR X X X X Extracts X X X X X X X X Extracts X X X X
|
