RBI says State freebies crowd out productive expenditure
[Deccan Chronicle] - 12/19/2024
Mumbai: The Reserve Bank of India (RBI) on Thursday suggested that Indian states need to contain and rationalise their subsidy outgoes on farm loan waiver, free power and transport so that such spending does not crowd out more productive expenditure. In a report, titled 'RBI’s State Finances: A (…)
In Indian newspapers
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