Wednesday, July 18 2018

February 11, 2018

Fiscal situation becoming comfortable in next financial year – Jaitley

Union finance minister Arun Jaitley¬† hoped that next financial year fiscal situation should be comfortable and there are no worries at the moment regarding slippages in meeting the deficit targets. Brushing aside any immediate need to worry about rising global oil prices, Mr Jaitley said an assessment should not be made based on hypothetical situation concerning crude prices.In a press conference Mr Jaitley also said that the last decision of the Monetary Policy Committee, chaired by RBI Governor Urjit Patel that decided to keep rates unchanged, was a balanced decision. Mr Jaitley, who also met Sebi’s board and top officials earlier today, said one of the factors that stood out from the capital market regulator’s presentation is that there is an increased reliance on corporate bonds as far as credit is concerned.