RBI: Ashima Goyal, a member of RBI's Monetary Policy Committee, said- Avoid taking strict steps in the budget

Posted on 29th Dec 2022 06:41 pm by rohit kumar

There is a need for more transparency in the budget to be presented next year. Whatever may be the need for finance for any new scheme in the present and future, their source should be known.

 

RBI's Monetary Policy Committee member Ashima Goyal said that the government is paying a large part of the revenue in the form of higher interest on the loan. The government should borrow only for productive sectors, which can generate more tax and other revenue. Goyal said that the last 10 months have been war-torn in Ukraine. This has pushed up international energy and food prices. India is particularly sensitive to this.

 

The fiscal deficit should be 4.5 percent in proportion to GDP

Goyal said efforts should be made to keep the fiscal deficit at 4.5% of GDP by 2025-26. It is expected that subsidies may be reduced as food and energy prices are coming down. Goyal said the mistake made in the 2000s should be avoided. At that time the expenditure was more than the tax revenue. The current economic policy is good.

 

Also Read: Global Recession: The effect of recession will be seen on the global economy in the year 2023, claims the British Research Agency

Other news

Does the Bangladesh government have a problem with Hindus or ISKCON, what is the matter?

The issue of the arrest of Chinmay Prabhu, associated with ISKCON in Bangladesh, has become so bi

OnePlus Nord 3 5G: Launched with 80W fast charge, 5000mAh battery, and 50MP camera, know the price and features

OnePlus has launched two affordable phones OnePlus Nord 3 5G and OnePlus Nord CE 3 5G and wireles

Canada: Demand for action against Khalistani Pannu for supporting Hamas, Hindu Forum made this appeal to the government

Recently, Khalistani terrorist Gurpatwant Singh Pannu threatened similar attacks on India by supp

Tribal areas can be kept out of the purview of UCC, Law Commission has received 19 lakh suggestions so far

In some parts of the country, including the northeastern states, tribal groups may be considered

Manipur Violence: A hearing will be held in SC today in the Manipur case, Center filed an affidavit and said- the investigation handed over to CBI

The Supreme Court will hear the case of women roaming without clothes in the northeastern state o

IND vs PAK: Whether Pakistan will come to India to play World Cup or not, the new PCB chief reacted

Since October till now, the tussle between BCCI and PCB is not taking its name. After the stateme

Nayanthara: The name of Nayanthara's new film is out, the teaser shows a powerful action-packed style

Nayanthara is in the news these days for her documentary Nayanthara Beyond the Fairytale. She is

Operation Kaveri: The first batch of 360 Indians reached Delhi from Sudan, people raised slogans of Indian Army and PM Modi Zindabad

The first batch of 360 Indians evacuated from violence-hit Sudan under Operation Kaveri arrived i

Oscars 2025: Aamir Khan's dream shattered, Kiran Rao's film Laapataa Ladies out of Oscars

While Aamir Khan is the Mr. Perfectionist of Bollywood on the one hand, on the other hand, his ex

Pakistan: Tehreek-e-Taliban is hovering in Pakistan, alert for a terrorist attack in Islamabad continues

Pakistan, which sheltered terrorists, is currently struggling with terrorist activities. Because