Editorial & Opinion

Government Borrowing And Redemption Matched Till May: RBI Monetisation Of Fiscal Deficit A Must

We welcome the RBI decision to curtail the market timings. Meanwhile, the government is planning to borrow 62.6% of its total borrowing of the current fiscal in H1 FY21. But this has been the trend with the historical data showing that except for FY12 and FY19 the borrowing in the first half has always been above 60%. Interestingly, Ways and Means Advance (WMA) Limit (ceiling on its temporary loan…
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