Govt will have to spell out fiscal roadmap once COVID is contained: RBI Guv Shaktikanta Das
RBI Governor Shaktikanta Das said that once the Covid-19 pandemic is contained, the government will have to spell out a fiscal roadmap to adhere to the debt-to-GDP target set by the NK Singh-led FRBM committee. Das was speaking at the virtual launch of NK Singh's book Portraits of Power. The Governor said that the fiscal and monetary policies in India are working in close symmetry. "At the moment, both the fiscal and monetary policies are in an accommodative stance, both are counter cyclical," said Das.