Sunday, August 30, 2020

Fiscal deficit to touch 7% in FY21, says Brickwork Ratings as tax collection hit by lockdown

Fiscal deficit to touch 7% in FY21, says Brickwork Ratings as tax collection hit by lockdown On the other hand, there is a sharp increase in expenditure (by 13.1 percent) due to additional spending incurred to save lives and livelihoods and to provide stimulus under the #39;Aatmanirbhar Bharat#39; programme.

from Moneycontrol Business News https://ift.tt/32IkiVj

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RBI holds repo rate, flags supply chain risks to inflation & growth

The Reserve Bank of India maintained its key policy rate at 5.25% due to ongoing West Asia tensions, warning of supply chain disruptions imp...