https://www.taxtmi.com/news?id=14843 The Monetary Policy Framework Agreement sets price stability as the primary objective while considering growth; the Reserve Bank of India will set policy interest rates and operate with specified medium term inflation targeting bands to guide rate-setting. Complementary fiscal consolidation is described in the Budget Estimates, aiming to reduce the fiscal deficit through lower total expenditure as a share of GDP and improved gross tax revenue as a share of GDP. en-us Fri, 07 Aug 2015 18:27:54 +0530 Fri, 07 Aug 2015 18:27:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=14843 The Monetary Policy Framework Agreement sets price stability as the primary objective while considering growth; the Reserve Bank of India will set policy interest rates and operate with specified medium term inflation targeting bands to guide rate-setting. Complementary fiscal consolidation is described in the Budget Estimates, aiming to reduce the fiscal deficit through lower total expenditure as a share of GDP and improved gross tax revenue as a share of GDP. News - Fri, 07 Aug 2015 18:27:54 +0530 https://www.taxtmi.com/news?id=14843