Last Updated : May 24 2019 7:07PM     Screen Reader Access
News Highlights
Cabinet passes resolution recommending dissolution of 16th Lok Sabha            Indian delegation participates in second SCO Mass Media Forum in Kyrgyzstan            Gujarat: At least 13 killed in major fire tragedy in Surat; PM Modi expresses extreme anguish            ED moves Delhi HC for cancellation of bail to Robert Vadra            South Korea defeat Indian women's hockey team 4-0           

Business News

May 08, 2019
8:40PM

Farm loan waivers, income support schemes increasing risks to fiscal consolidation of the states: RBI

DD News
The Reserve Bank of India(RBI) today said that farm loan waivers and income support schemes are increasing risks to fiscal consolidation of the states.
 
The remarks were made during a meeting between the members of the 15th Finance Commission and the RBI senior officials, including governor Shaktikanta Das and the deputy governors, at the central bank headquarters in Mumbai.
 
A statement from the RBI said that the central bank, in its presentation, listed out the specific factors that will drive fiscal slippages in the revised estimates of FY19, including "the Uday scheme in the past and farm loan waivers and income support schemes in the FY19 revised estimates".
 
Terming it as "poor fiscal marksmanship", the RBI also expressed its concerns on deviation in revised estimates, stating that the budget estimates presented during the beginning of FY20 had indicated a lower fiscal deficit.
 
Other key issues raised by Mr Das, who was a member of the Commission before being appointed as the governor last December, included necessity of setting up state finance commissions, public sector borrowings and continuity of finance commission.
 

PM’s Exclusive Interview to DD News

Live Twitter Feed

Listen News

Morning News 24 (May) Midday News 24 (May) News at Nine 22 (May) Hourly 24 (May) (1800hrs)
समाचार प्रभात 24 (May) दोपहर समाचार 24 (May) समाचार संध्या 22 (May) प्रति घंटा समाचार 24 (May) (1805hrs)
Khabarnama (Mor) 24 (May) Khabrein(Day) 24 (May) Khabrein(Eve) 23 (May)
Aaj Savere 22 (May) Parikrama 22 (May) Lok Ruchi Samachar 19 (May)

Listen Programs

Market Mantra 22 (May) Samayki 23 (May) Sports Scan 22 (May) Spotlight/News Analysis 22 (May)
    Public Speak

    Country wide 28 (Mar) Surkhiyon Mein 4 (Apr) Charcha Ka Vishai Ha 15 (May) Vaad-Samvaad 7 (May) Money Talk 7 (May) Current Affairs 22 (Mar)