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Govt pegs market borrowing at Rs 7 24 trn in first half of FY22
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Govt pegs market borrowing at ₹7 24 lakh crore in first half of FY22
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Updated Feb 27, 2021 | 20:32 IST
A 1988-batch IAS officer of Haryana cadre, Bajaj is currently serving as the Secretary, Department of Economic Affairs in the Finance Ministry. Economic Affairs Secretary Tarun Bajaj given additional charge of Revenue Secretary: Govt
New Delhi: Government on Saturday stated that Economic Affairs Secretary Tarun Bajaj will be given additional charge of Revenue Secretary upon superannuation of Dr Ajay Bhushan Pandey.
Bajaj would be succeeding Dr Ajay Bhushan Pandey, who is scheduled to retire at end of this month.
Bajaj would hold the additional charge till the appointment of a regular incumbent or until further orders , said the statement issued by the Appointments Committee of the Cabinet. The committee is headed by Prime Minister Narendra Modi.
Updated Feb 18, 2021 | 18:09 IST
Economic Affairs Secretary Tarun Bajaj has formally written to the central bank seeking its views. The RBI is expected to reply by the end of February. Finance Minister Nirmala Sitharaman | Photo Credit: IANS
New Delhi: The Finance Minister will soon review the inflation targeting framework with top finance ministry and RBI officials as a five-year term of the existing 2%-6% monetary policy framework draws to a close, a government source told
ET Now.
“The government will formalize view on inflation targeting framework before March 31,” the source added.
The government, in 2016, amended the RBI Act to provide a legal basis for the implementation of the flexible inflation targeting framework. This helps the six-member MPC, chaired by RBI in setting interest rates.
How the government resisted populist temptations to create a growth Budget
Economy in tatters, a raft of sectors batted by the virus crying for help, plenty of lobbying from all quarters. Yet the policymakers stuck to the task of creating a Budget affixed on growth goals. A behind-the-scenes look at what went into the making of Budget 2021.
Representative image (PC- MoneyControl.Com)
In an ordinary year, the work on an upcoming Budget begins by October. It gradually ramps up by December, when most of the publicised pre-Budget meetings take place, and attains fever-pitch until the finance minister of the day presents the Budget on February 1.
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