When excessive government borrowing from the SBP makes it difficult to control inflation, despite a tight monetary policy, the effectiveness of the policy comes into question.
New Delhi: The finance ministry and the Reserve bank of India (RBI) are scheduled to hold meeting on Friday to decide about the borrowing calender for the second half of the current fiscal.
Summary: New Delhi [India], Sep 28 (ANI): The central government on Friday announced a reduction by Rs 70, 000 crore in the gross borrowing program, which would be compensated by reducing buy-back and additional flows from small savings.