https://www.taxtmi.com/news?id=33614 As per central bank guidance, savings and current accounts that lack customer initiated transactions for an extended inactivity period must be classified as inoperative/dormant; banks are required to conduct outreach and account activation efforts to reduce dormant account ratios, with government monitoring of these measures. The Union government's medium term fiscal policy stance seeks to manage the central fiscal deficit so that the debt to GDP ratio follows a declining trajectory, while the tax to GDP ratio has generally trended upward since the pandemic but remains subject to shocks and structural reforms. en-us Tue, 11 Feb 2025 16:16:03 +0530 Tue, 11 Feb 2025 16:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=33614 As per central bank guidance, savings and current accounts that lack customer initiated transactions for an extended inactivity period must be classified as inoperative/dormant; banks are required to conduct outreach and account activation efforts to reduce dormant account ratios, with government monitoring of these measures. The Union government's medium term fiscal policy stance seeks to manage the central fiscal deficit so that the debt to GDP ratio follows a declining trajectory, while the tax to GDP ratio has generally trended upward since the pandemic but remains subject to shocks and structural reforms. News - Tue, 11 Feb 2025 16:16:03 +0530 https://www.taxtmi.com/news?id=33614