Pandemic likely to force India to borrow more, deficit monetisation is last resort: sources

  • 📰 Reuters
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 97%

United States Headlines News

United States Latest News,United States Headlines

Revenue shortfalls in India, the major economy hardest hit by the coronavirus pandemic, are likely to force the government to borrow more, but it will only consider monetising its deficit as a last resort, sources familiar with discussions told Reuters.

A woman wearing a face mask waits at a Delhi metro train platform, on the first day of the restart of their operations, amidst the spread of coronavirus disease , in New Delhi, September 7, 2020. REUTERS/Adnan Abidi

“There will definitely be higher borrowing in the current year but whether we will print money, that is not yet decided. We will have to have patience and see how things go,” a senior official said.“We have seen what some of the countries have done in this regard, but we think that such a move would be the last resort for us,” the official added.

RBI has pumped in over 11 trillion rupees of liquidity into the market, helping to keep 10-year bond yields below 6% even as the government decided to borrow 70% more than last year as a result of the pandemic.

Source: Financial Digest (financialdigest.net)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Where from ? ... their space budget

India is overpopulated

印度,别撑,做好你自己才是真。

ChinaVirus

But kangnas office got demolished.

Same story around the world.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

India, China Trade Accusations Over Firing of Shots at Disputed BorderThe Indian and Chinese militaries accused each other of firing warning shots in what would be the first use of guns along their disputed border in decades. Jai Hind! China is the world’s leading manufacturer of drones and maintains the largest military UAV/UCAV fleet on the planet.
Source: WSJ - 🏆 98. / 63 Read more »

Bollywood actor's death grips India with frenzied TV coverageThe demise of a young movie star has transfixed India like no other news in a year of bad headlines. The actor itsSSR was drugged and killed. Entire India is after the drug nexus. They want this nexus to be exposed and punished. It's a problem. whats frenzied?
Source: Reuters - 🏆 2. / 97 Read more »

Small miscalculations along India-China border can lead to big mistakes, former national security advisor saysThis week New Delhi and Beijing accused each other of firing in the air during renewed confrontation at the unmarked border where opposing troops are positioned in close proximity. Do you mean Chinese assholery? 🇮🇳👍 All security advisor have never been true to their Job.
Source: CNBC - 🏆 12. / 72 Read more »

India and China exchange their first border gunfire in 45 yearsSince the spring, India and China have been locked in a tense standoff in Ladakh China is the only country in the world that grew physically in size in the last few decades. India of today is not India of 1962. The communist control of China will be over soon. Free Tibet, Free Hong Kong, Free people of China from commies. China, the land gobbling creep thought it can go on its BS with India too. Next time IndINDIANARMY shoot them on their face not in air. The whole world had enough of Chinese mess. China India more collaboration means Asia and world see prosperity and peace . More confrontation means more poverty more misery for Asia . Weapon suppliers will become rich ..... do hope wisdom prevails and not egos of leaders at helm at this moment .
Source: TheEconomist - 🏆 6. / 92 Read more »

United Airlines bets on Africa, India and Hawaii in 2021 expansionUnited is increasing its service to Africa and India next year in a bid to capture new travelers Free trade for Covid19! That's quaint. United is furloughing 16,000 employees in October. United should fuck off immediately.
Source: CNBC - 🏆 12. / 72 Read more »

United to add new direct U.S. flights to Africa, India, HawaiiUnited Airlines said Wednesday it plans to add new non-stop flights to Africa, India and Hawaii as it reconfigures its network in the wake of the coronavirus pandemic. Amazing I’m open for a new connection Kindly follow me I’ll do the same ... thanks do have a great day Good. I'd like to visit India to meet Padma 😍
Source: Reuters - 🏆 2. / 97 Read more »