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RBI’s fund transfer allays fiscal concerns, but room for stimulus still limited

According to economists, the government is likely to receive additional revenue inflows of around ₹60000 crore

Fiscal slippages are also likely to weigh on government yields

In-line with the recommendations of the Bimal Jalan Committee, the Reserve Bank of India (RBI) will transfer ₹1.76 trillion to the government this fiscal year.

Since this government has shown a commitment to fiscal consolidation, economists expect excess money to be largely reserved to meet the expected shortfall in tax revenues. Of course, some of these funds may also be used for recapitalizing public sector banks, which the government decided last week to disburse upfront.

Read Complete Post at:- https://ethicalresearchblog.blogspot.com/2019/08/rbis-fund-transfer-allays-fiscal.html

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Do you know what is the meaning of "Bear market"?

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