Subsidy News
Get fiscal house in order on priority basis, says Reserve Bank
Sending a strong signal for urgent fiscal consolidation, the Reserve Bank of India (RBI) on Tuesday said it would look for strong and credible steps in the 2012-13 budget to check the deficit and a huge subsidy bill.
The country’s central bank has been vocal on the build-up of the fiscal deficit as this has a diluting impact on steps taken to contain inflation. The RBI has signalled fiscal correction,
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