Sitharaman addresses RBI board, explains priorities of govt
India
Updated: Tuesday, February 16, 2021, 17:09 [IST]
New Delhi, Feb 16: Finance Minister Nirmala Sitharaman on Tuesday explained the government s priorities to the Reserve Bank of India s central board during their first meeting after presentation of the Union Budget 2021-22.
As per the tradition, the finance minister holds customary meeting with the board members of the RBI and the Securities and Exchange Board of India (Sebi) after Budget presentation every year.
The finance minister addressed the 587th RBI central board meeting and informed the members about the key initiatives in the Budget and the priorities of the government, RBI said in a statement. Complimenting the finance minister on the budget, the board members made various suggestions for consideration of the government, it added.
Read more about Sitharaman addresses RBI board, explains priorities of government on Business Standard. FM Sitharaman on Tuesday explained the government s priorities to the Reserve Bank of India s central board during their first meeting after presentation of the Budget
The finance minister addressed the 587th RBI central board meeting and informed the members about the key initiatives in the Budget and the priorities of the government, RBI said in a statement.
Updated Feb 07, 2021 | 11:26 IST
India s fiscal deficit is estimated to be 9.5 per cent of the GDP in the current fiscal and is expected to come down to 6.8 per cent in 2021-22 beginning April 1. Economic Affairs Secretary Tarun Bajaj | Photo Credit: PTI
India s sovereign rating should not come under pressure due to surge in fiscal deficit which was mainly on account of higher expenditure to deal with the COVID-19 pandemic, said Economic Affairs Secretary Tarun Bajaj.
Given the credibility of the numbers projected in the Budget, he hoped that the global rating agencies would retain India s sovereign rating at the existing levels.