ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

A+| A| A-

Budget and Monetary Policy

The large market borrowings implicit in the special measures proposed in the 2003-04 Budget for (i) prepayment of high-cost external loans to multilateral agencies, (ii) enabling state governments to extinguish their high-cost debt to the government of India through debt-swaps, and (iii) buying back past high interest government loans from commercial banks are sure to come in the way of the RBI pursuing its avowed easy interest rate policy.

Dear Reader,

To continue reading, become a subscriber.

Explore our attractive subscription offers.

Click here

Back to Top