Covid may force govt to borrow more; monetising deficit last resort: Report


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.

Borrowing plans for the second half of the financial year, ending on March 31, will be reviewed by government and Reserve Bank of India (RBI) officials later this month, the five sources said. The officials have already discussed the possibility of monetising the debt, whereby the.....

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