<h1>Government Introduces Non-Inflationary Budget to Cut Fiscal Deficit; MPC to Consider Interest Rate Cuts for Growth.</h1> The government has introduced a non-inflationary budget aimed at reducing the fiscal deficit, which is projected to decrease from 4.8% to 4.4% by FY'26. The Finance Secretary emphasized the need for fiscal and monetary policies to align, suggesting that monetary easing could further benefit economic growth if inflation remains controlled. The Reserve Bank of India's Monetary Policy Committee is set to meet to consider interest rate cuts. While rupee depreciation could lead to imported inflation, it also enhances export competitiveness. The decision on rate cuts will be determined by the MPC.