By Siddhartha Singh India’s budget gap for the year ended March 31 has touched 4.4% of gross domestic product, breaching the target set in February as an economic slowdown reduced tax collections, people with knowledge of the matter said. A revenue shortfall of 1.7 trillion rupees ($22 billion) led to […]
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The RBI may have to open direct liquidity window for small NBFCs and MFIs as banks refuse to offer moratorium to them on one hand, and gave a muted response to the first TLTRO auction, aggravating their funding gap to Rs 50,000-60,000 crore, according to a report. Small and medium […]
By Vrishti Beniwal India’s budget deficit is seen widening the most in more than three decades as weaker economic growth and stimulus to combat the impact of the coronavirus weighs on the government’s finances, Citigroup said in a report. The federal government’s budget gap will be about 8% of gross […]