t v somanathan interview

Budget has steps to trigger consumption, but they are not in the nature of direct cash transfers, says Finance Secretary T.V. Somanathan

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Budget has steps to trigger consumption, but they are not in the nature of direct cash transfers, says Finance Secretary T.V. Somanathan

The Centre is confident of delivering on its Budget promise to arrange external financing for infrastructure development projects in Andhra Pradesh and Bihar, Finance Secretary T.V. Somanathan said in an interview with The Hindu. He also elaborated on measures to rein in food inflation and spur consumption. Edited excerpts: The Budget’s push for job creation … Read more

‘Rigid, statutory fiscal targets are getting discredited globally,’ says Finance Secretary

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‘Rigid, statutory fiscal targets are getting discredited globally,’ says Finance Secretary

T. V. Somanathan, Finance Secretary. File | Photo Credit: The Hindu Almost no country seems to adhere to fixed fiscal goals anymore, Finance Secretary T.V. Somanathan said in an interview to The Hindu, emphasising that the country’s high growth trajectory should enable a gradual decline in its debt to GDP ratio. He also noted that … Read more