The Terms of Reference (ToR) for the 16th Finance Commission (FC) are short but “all-encompassing”, Finance Secretary TV Somanathan said Thursday. Clarifying that the terms are not limited or preliminary, Somanathan said they are shorter than recent commissions but offer greater leeway to stakeholders so that their inputs can be taken into account. He said […]
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“For 2024-25, assuming a normal monsoon, and no further exogenous or policy shocks, structural model estimates indicate that inflation will average 4.5 per cent, in a range of 3.8-5.2 per cent,” the RBI said in its Monetary Policy Report for October 2023.
Speaking at a seminar on global economy organised by the Ministry of Finance and the Reserve Bank of India (RBI), Shaktikanta Das said recent experience suggests countries facing financial difficulties go to other bodies beyond the IMF because of “perceived stigma” or lack of access.
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