💨 Abstract

The Finance Secretary, Tuhin Kanta Pandey, stated that the government has reduced the fiscal deficit to 4.4% for FY'26 and delivered a non-inflationary budget. He emphasized the need for the Monetary Policy Committee of the Reserve Bank to cut interest rates to stimulate growth, as the fiscal and monetary policies should complement each other. The MPC will meet on February 5 to decide on policy rates.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖