At ThePrint's Off The Cuff, the economist said monetisation of deficit as a one-time measure can be considered given that inflationary pressures are low.
The FRBM Act of 2003 specifically barred the government from directly borrowing from RBI to monetise the deficit. But an escape clause will enable it to do so.
Speaking to ThePrint, Expenditure Secretary T.V. Somanathan says borrowings through extra-budgetary resources have increased but Modi govt has been transparent in disclosing it.
The fiscal deficit for 2019-20 and 2020-21 would have been higher at 4.6% and 4.4% respectively if the govt had not shifted its liabilities out of the budget.
Compassion and cohabitation with animals are ingrained in the Indian value system. A humane solution must be found for the rising conflict between man and free-range animals.
New bill aims to fix key issues with IBC 2016, including delays & patchy implementation, and protect creditors, with window for genuine promoters to retain control of their companies.
Putin sees this as a victory. Europeans have decided to deal with Trump on his terms for the sake of the larger Western alliance. We look at the lessons for us in India.
Yeh raaste hain pyaar ke, Chalna sambhal sambhal ke.