Budget 2018: The revenue foregone from direct tax changes is modest relative to the funds collected by way of anti evasion measures. Moreover, the forecast of 11.5% for growth of nominal GDP for FY19 made in the Budget is in
In line with our expectations, the Monetary Policy Committee of Reserve Bank of India decided to leave the repo rate unchanged and retained the neutral stance of monetary policy in the second policy review for FY18.
In light of the slowdown in the GDP growth after the note ban, the Budget has made a concerted effort to stimulate economic activity through a combination of modest tax cuts and higher spending, while remaining committed to p
No change in growth or inflation targets, policy rate, accommodative stance of monetary policy and strategy to reduce structural liquidity deficit. As the banking system is facing challenges on many fronts, speedier developme