RBI stops strengthening of rupee: Shankar Acharya

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RBI stops strengthening

RBI stops strengthening of rupee: Shankar Acharya. Kolkata: Former Chief Economic Advisor Shankar Acharya said today that the Reserve Bank should stop the rupee from strengthening now. He said that this is the right time when this situation should be changed. He did the MCCI “For the short-term help of the economy, the Reserve Bank should take immediate action and soften the strength of the rupee,” said the program. It will strengthen the export and increase the domestic manufacturing sector.

RBI stops strengthening

RBI stops strengthening of rupee: Shankar Acharya – India Virals | www.indiavirals.com

Honorable Professor Acharya of the Indian Council for Research on International Economic Relations said that while the economy is in bad condition, it is difficult to handle it by increasing spending for the government.

RBI stops strengthening

He said, “There are very few possibilities for this at the present time.” He said that GST This is the situation due to the uncertainty in the revenue collection after implementation. Acharya said, “The concern of 2017-18 is that the combined fiscal deficit of the Center and states will be around 7 percent of the GDP. It is very much. ”

RBI stops strengthening

RBI stops strengthening of rupee: Shankar Acharya – India Virals | www.indiavirals.com

He further said that due to agricultural loan waiver the state is also in bad condition. The government can meet the investment requirements through current expenditure or debt, but it will pressure the interest rates again. He said about the ban on bondage, it was a horrendous experiment of the government that narrowed the economy.

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