The great dollar gamble (The Indian Express)

Written by M Veerappa Moily Finance Minister Nirmala Sitharaman’s maiden budget attempts to kick-start growth. But what will happen if this is at the cost of fiscal discipline? The government’s decision to opt for sovereign bonds or external borrowing is intended to one, lower the cost of interest and two, bring about fiscal discipline. The…

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Updated: July 17, 2019 — 12:37 PM