Viral Acharya's parting message: Set up independent body to rein in fiscal deficit; invokes SD Burman's music in Pyaasa to say less is more
Viral Acharya made a strong case for reducing the government borrowing and making more resources available for the private sector
Govt confident of meeting fiscal target of 3.3% of GDP this fiscal, says Finance Minister Arun Jaitley
Jaitley said the fiscal year that ends in March 2019, will be completed without any spending cuts, adding that inflation remained broadly under control.
The RBI monetary policy committee on Wednesday voted 6-0, its third unanimous decision in a row since being established in September.
Are fiscal fundamentalists right to be worked up over the decision by finance minister Arun Jaitley not to stick to the laid down fiscal path?
Chidambaram proposed additional measures aimed at fiscal consolidation and economic growth in October. He said the finance ministry expects the Reserve Bank of India (RBI) to take more "supportive measures" in its next policy review.