The central bank is likely to focus on non-rate measures for the sixth time when the Monetary Policy Committee (MPC) meets this week. By announcing a lower-than-expected government borrowing programme, the government has done its bit by helping push down yields.
The spending on three most important subsidies, namely food, fertiliser and petroleum is expected to come down from ₹4.13 lakh crore in 2023-24 (RE) to ₹3.81 lakh crore | Latest News India
Finance Minister Nirmala Sitharaman today presented the Interim Budget which has been hailed by economists and financial experts for focus on infrastructure, fiscal consolidation, rural spending, and measures to support growth and fiscal prudence.