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Private companies must fuel the next round of economic growth rather than leave it to the government to spend on capital expenditure, RBI officials say in the regulator’s February bulletin
The move to not borrow from the market comes in the backdrop of the central government increasing its Budgetary allocation to Indian Railways to Rs 2.52 lakh crore, which is 5 percent higher when compared to 2023-24.
Budget News: The finance minister's decision to prefer fiscal prudence over populist measures, which include lower fiscal deficit and market borrowing targets for FY25, were considered anti-inflationary by bond market players, leading to a rally in govt bond prices on Thursday that softened yields. FM said that govt is on track to meet glide path of below 4.5% fiscal deficit target for FY26.
In the Union Budget 2024, Finance Minister extended the 50-year interest free loans to state governments for another year, as part of the government's Gati Shakti master plan.
The Modi government is likely to rein budget deficit by capping subsidies, spending