Use this act of God to push fiscal reforms: ex-RBI chief D Subbarao advises FM Sitharaman
Subbarao mentioned that previously, finance ministers were advised to cut spending. However, in Sitharaman s case, the advice has always been to spend more , still leading to an ironic result of a slumped economy
BusinessToday.In | December 17, 2020 | Updated 18:29 IST
Duvvuri Subbarao, former governor of the Reserve Bank of India (RBI), has advised Union Finance Minister Nirmala Sitharaman to use the pandemic as an opportunity to execute fiscal reforms, and not just waste this crisis .
In an opinion article published on the Mint, Subbarao highlighted potential challenges for the Indian economy, saying that the hurdles faced by Sitharaman are unique, something that her predecessors had not encountered during their tenure.Subbarao mentioned that previously, finance ministers were advised to cut spending. However, in Sitharaman s case, the advice has always been to spend more , still le
Don’t waste this crisis, use ‘act of God’ as opportunity: Ex-RBI governor D Subbarao’s advice to FM
Don’t waste this crisis, use ‘act of God’ as opportunity: Ex-RBI governor D Subbarao’s advice to FM
Former RBI governor D Subbarao has urged Finance Minister Nirmala Sitharaman to make the most of the pandemic crisis and use it as an opportunity to push politically-tough reforms.
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UPDATED: December 17, 2020 13:22 IST
Former RBI governor D Subbarao has asked Finance Minister Nirmala Sitharaman to push through politcally-tough reforms to deal with the ongoing economic crisis.
Former Reserve Bank of India (RBI) governor Duvvuri Subbarao has advised Finance Minister Nirmala Sitharaman to “not waste this crisis” and use it as an opportunity to push ahead with fiscal reforms.
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