Twitter

Facebook

Youtube

Pintrest

RSS

Hindi News | Samay | UP/Uttarakhand | MP/Chhattisgarh | Bihar/Jharkhand | Rajasthan | Aalami Samay
  Aalami Sahara Rashtriya Sahara Roznama Sahara
RBI chief asks centre to drastically cut borrowings
IANS
Last Updated : 11 Jan 2017 06:06:28 PM IST
RBI chief asks centre to drastically cut borrowings
(File photo)

 

Reserve Bank of India Governor Urjit Patel on Wednesday warned that the government's debt to GDP ratio was constraining the country's sovereign ratings and called upon the central government to work towards reducing high central and state borrowings.

In his address at the biennial Vibrant Gujarat Global Investors Summit here, Patel said the country's cumulative fiscal deficit of the states and the centre was among the highest in G20 countries, at 6.4 per cent of the GDP for financial year 2016-17.



Citing data from the International Monetary Fund (IMF), he said: "We have to take cognisance of these comparisons and facts as we go forward to make progress. Specifically, this will help us to better manage risks for ourselves and thereby mitigate financial volatility."

The RBI chief said that low and stable inflation was indeed important but at the same time, India must ensure its medium-term consumer-prices based inflation target of four per cent is "secured on a durable basis."
 

 



loading...
For Latest Updates Please-

Join us on

Follow us on

Post Your Comment ( posted):
Post your comment Post Your Comments
Your name :
Your e-mail address :
Your website :
Add your comments :
Please enter the code you see in the image:
Code

The makers of "Haseena: The Queen of Mumbai", starring Shraddha Kapoor and her brother Sid

A group of birdwatchers spotted an Australian night parrot, once thought to be extinct, fo

At a time when margins are razor-thin in the fast-growing domestic smartphone market, any


Samay Live

Samay Live

 

Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live
Samay Live

10.10.70.45