Fiscal policy News
In a blog post, top IMF officials -- Vitor Gaspar, Director of Fiscal Affairs Department and Indian-American Gita Gopinath, Economic Counsellor and Director of the Research Department -- wrote that the coronavirus pandemic has already prompted an unprecedented fiscal policy response of close to USD 11 trillion worldwide.
When 'international developments' were favourable, the NDA government took credit for something it didn't do. Now that situation is unfavourable, it doesn't want to take the blame.
Among the solutions prescribed by experts are setting up of a Telecom Finance Corporation and giving the industry priority sector lending (PSL) status.
Rating agency Crisil has heaped praises on PM Narendra Modi-led government at the Centre.
The government will push for consolidation of the public sector banks once they are recapitalised and strengthened, Finance Minister Arun Jaitley said on Tuesday.
The recent sharp decline in oil prices will provide "some boost" to global growth and should allow states to "reassess" fiscal policies to sustain activity, the G20 leading economies said in a draft communique Tuesday.
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