No plan to modify executive’s FY23 borrowing goal in spite of earnings hit: Source

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The central govt is sticking to its gross borrowing goal of Rs 14.31 trillion for the present monetary 12 months (FY23) in spite of earnings hit because of relief in excise accountability on petroleum merchandise and better subsidy burden owing to meals and fertilizer, a best govt supply stated on Wednesday.

There is not any proposal as of now to revise the medium-term inflation goal; that the federal government will pull out cash from the Consolidated Fund of India to make certain that its capital expenditure commitments are met; and that the plan to denationalise some state-owned banks may be very a lot alive and …




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First Published: Thu, May 26 2022. 01:53 IST

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