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CNN The Lead With Jake Tapper June 9, 2021 20:43:15

Transcripts for CNN The Lead With Jake Tapper 20210609 20:43:15
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How RBI managed to boost its surpluses - The Hindu BusinessLine


How RBI managed to boost its surpluses
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Revenue from foreign and domestic investments apart, there was a spike in RBI’s holdings of GSecs for which it earns interest
The transfer of RBI surplus of nearly ₹1 lakh crore to the government sounds good as it helps a lot to balance the Budget. As the announcement comes in May, it would be used in the Budget for FY22 as the government follows the cash accounting system where income is reckoned when received. In the previous year, the surplus was ₹57,132 crore.
For FY22, the Budget has targeted an amount of ₹53,510 crore from the RBI, banks and FIs. The target has been exceeded and will be very helpful now as it can be used for any Covid-based extra-budgetary expenditure or to shore up revenue which may dip due to lower tax collections. ....

Operation Twist , Chief Economist , Bond Yield , செயல்பாடு திருப்பம் , தலைமை பொருளாதார நிபுணர் , நீர்மை நிறை , அந்நிய செலாவணி , பத்திரம் மகசூல் ,

Second wave a human crisis, impact on economy muted: Nomura


Second wave a human crisis, impact on economy muted: Nomura
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The ongoing lockdowns across states are expected to last till June, which would be followed by a faster sequential recovery in the July-September quarter, Nomura said in a report released on Tuesday.
Agencies
Nomura had revised down India’s FY22 growth forecast to 10.8% from 12.6% as the second wave began to take hold.
Global brokerage Nomura has termed India’s second wave of Covid-19 a humanitarian crisis rather than an economic crisis, saying the impact on growth is likely to be muted and limited to the first quarter of this fiscal. ....

Aurodeep Nandi , Sonal Varma , Reverse Repo Rate Hike , சோனாள் வர்மா ,