Finance Minister Arun Jaitley in his speech dropped a subtle hint that the banking regulator could look at lowering the rate. Trigger: the government reduced the net market borrowing to Rs 3.48 lakh crore from Rs 4.25 lakh crore. But, let’s not for
The Economic Survey is upbeat on consumption and investment rising. It has projected FY2022-23 GDP growth at 8-8.5 percent
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Therefore, absorptive capacity of the borrowers is important which will depend partly on the demand revival.’ There is, in short, no direct boost to consumption, which is what many were hoping for.
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