Past Fiscal Profligacy Should Not Stop Deficit Monetisation Now
Rajiv Gandhi presiding over the meeting of the Planning Commission, in New Delhi, on Sept. 17, 1985. (Photograph: PIB)

Past Fiscal Profligacy Should Not Stop Deficit Monetisation Now

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There is a strong consensus among Indian policy experts that the government will have to come up with a significant stimulus to combat the Covid-19 epidemic. Most also argue that a sizeable part of...
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