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Piyush Goyal for printing currency to finance deficit

Sunday, February 10, 2019, 10:16 PM

Noting that finance ministers all over the world are perennially in search of revenue to balance government budgets, Union Minister Piyush Goyal favoured printing currency as-a-way of deficit financing, citing the example of US. Mr Goyal's remarks follow his presentation of interim-Budget 2019-20 earlier this month, which contained major largesse for stressed-agriculture-sector as-well-as tax sops for middle class with implications for the fiscal deficit.
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RBI makes surprise cut in interest rate, home loans could get cheaper

Thursday, February 7, 2019, 9:06 PM

The Reserve Bank of India's monetary policy committee on Thursday reduced the policy interest rate by 25 basis points to 6.25 %, a move that could lead to banks reducing lending rates for consumer and home loans. At the committee's meeting, the first after Shaktikanta Das took over as the central bank's Governor, also changed its stance to 'neutral' from the earlier 'calibrated tightening'.
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RBI projects 7.4 percent GDP growth for FY20

Thursday, February 7, 2019, 6:10 PM

The Reserve Bank of India (RBI) on Thursday projected a GDP growth rate of 7.4% for FY20. This is higher than the 7.2% growth estimated for the current fiscal by the Central Statistics Office (CSO). The growth is likely to be influenced by growth in bank credit and overall financial flows to the commercial sectors, the central bank added.

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