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India not close to situation for debt monetisation, says former RBI chief Subbarao

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New Delhi: Former RBI Governor D Subbarao on Friday said India is not close to the situation where the central bank has to go for debt monetisation amid rising government spending and falling revenue collection due to the COVID-19 crisis. The case for direct financing is made on the argument that government borrowing this year has ballooned way beyond normal, Subbaro said.

Generally,…

India not close to situation for debt monetisation, says former RBI chief Subbarao

New Delhi: Former RBI Governor D Subbarao on Friday said India is not close to the situation where the central bank has to go for debt monetisation amid rising government spending and falling revenue collection due to the COVID-19 crisis. The case for direct financing is made on the argument that government borrowing this year has ballooned way beyond normal, Subbaro said.

Generally,…

Expect a V Shaped Economic Recovery Post #COVID19: Former #RBI Governor

A prolonged lockdown may possibly push millions of Indians into the “margins of subsistence”, former RBI Governor Duvvuri Subbarao said while expecting a ‘V’ curved recovery once the COVID-19 crisis ends and the turnaround in India to be faster than some economies.

He was participating in a webinar on “History repeats – but differently- Lessons for the post Corona World,” organised by the Manthan…