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

Pune Car Accident: After the father and grandfather, the mother was also caught by the police while trying to save the minor; she committed this big crime

A new twist has emerged in the Pune Porsche car accident. Pune Police has arrested the teenager's

'This very anarchy overthrew my government...', what else did Sheikh Hasina say about the violence happening in Bangladesh?

Former Prime Minister Sheikh Hasina has questioned the Bangladeshi government over the murder of

Reshuffle of portfolios of ministers in Haryana this month: The power of 4 ministers including the Deputy CM will decrease; Suspicion of Anil Vij, CM will be strong

After the merger of departments in the Haryana government, the power of 4 ministers including Dep

Mahieka Sharma: Who is Mahieka Sharma? Her name is being linked with Hardik Pandya; She has worked with Vivek Oberoi

Indian star cricketer Hardik Pandya is once again in the headlines these days. Apart from his uni

Ravindra Jadeja: Jadeja took a dig at South Africa's batting, and said- it is easier to bat in the evening than in the afternoon.

By defeating South Africa in the 37th match of the World Cup 2023, India has registered its eight

Bihar CM Oath: The NDA is compelled to field ministers from 11 districts; where will the change happen? This is the gift of the Bihar election results.

The 2025 Bihar Assembly Elections have presented the National Democratic Alliance with a signific

IPL 2025: Captain Shubman praised Ashish Nehra, Gill also stated for the first time on the fight with his best friend Abhishek

Gujarat Titans suffered a defeat against Lucknow Super Giants on Thursday in IPL 2025. However, t

Ashutosh Rana: 'Language is a subject of dialogue, not controversy', Ashutosh Rana's reaction to the Marathi language controversy

For the past few days, there has been a Marathi language controversy in Maharashtra. Many film st

Prime Minister Modi will meet the Saudi Crown Prince today, and many issues including trade and defense will be discussed

Saudi Crown Prince is in Delhi on a three-day visit. During this time, he is staying here for his

Seizure: 1,137 kg of banned raw sea cucumber seized, worth Rs 5.11 crore

About 1,137 kg of banned raw sea cucumber, estimated to be worth Rs 5.11 crore, dumped in the sea