New Delhi: Somandanghan TV Finance Secretary on Saturday said that the center would ensure that the fiscal position remained stable even though there was expenditure on food subsidies and fertilizers and returning arrears associated with export incentives.
“We want to ensure that India remains in the fiscal stability zone and a macroeconomic economy, while also managing the requirements of the poor and vulnerable,” he told TI.
The Finance Secretary also understated concerns over Tanrum Taper, or the impact of the withdrawal of surplus liquidity in the advanced market, said the overall financial position in this country was much better.
“We don’t know the right time or details.
Because of high reserves, we are not in vulnerable situations like 2012-13.
Relative to others, our fiscal is very wise, we are a positive outlier now.
Plus, there are far more growth prospects Height, “said Somanda, added that the country would grow at least 6-7% next year above and above the double growth projection in the current fiscal year.
Earlier this week, Minister of Finance Nirmala Sitharaman said that the government and the RBI guarded the tabs close to the situation but most countries had studied their lessons from the last tagger taper.
The top Ministry of Finance officials said the amount of government revenue looked better but there was a risk before non-tax income, in what might be a possible lack of funds from the telecommunications sector.
The day after the government announced Indian water sales to Tata Sons, Somanathan told TII that the government would encourage national asset monetization pipes during the current financial year.
This step looks important because it not only produces resources for the central company and the public sector but the funds will be re-employed to create new assets.