By the time this article was written, the government’s debt-to-GDP ratio had increased by a whopping 8 percentage points, to a whopping 165%.
What was the Government thinking?
It was not the first time the government had gone down the debt route.
Back in 2009, the Narendra Modi government did the same thing.
At that time, the RBI cut interest rates on Rs.1,000 notes, making it cheaper to borrow and cheaper to repay.
This was the first ever instance of the Reserve Bank of India (RBI) taking the government to the cleaners.
Why do I say this?
Because the RBI’s policy is now being replicated by the government.
What we have is a government that is taking money out of the economy by selling bonds and then buying more of them with the money they borrow from the RBI.
In a nutshell, the Reserve Banks are selling bonds that they are already holding.
These are bonds that are at the lowest possible interest rates, which are now being sold for a nominal sum.
This is in contrast to the government, which has no interest rate targets.
In other words, it is selling more bonds than it is paying out in the form of monetary stimulus.
This may be one reason why the RBI has been doing so much worse than the government in terms of GDP growth.
What is the solution?
It is not just the RBI, it’s the entire finance ministry.
The Finance Ministry has been the worst offender in terms the economy.
It has not even taken the plunge of reducing interest rates in an appropriate manner.
The finance ministry, as we know, is the one that has the largest number of short-term interest rates at 2.65%.
In other countries, like the UK, Australia and Japan, where the finance ministry also has the most interest rate policy, they will lower interest rates to ease pressure on borrowers.
The same thing is happening in India.
The only way the finance minister can go down this path is if he or she is not the Minister of Finance.
It is up to the finance secretary to make sure that he or her ministry is doing everything possible to ensure that interest rates are kept as low as possible.
As far as I am concerned, this is a matter of political choice, and the only choice is to follow the RBI on the path of monetisation.
If the government wants to go down the same debt route, why not take a similar approach?
The government could do it by cutting interest rates from 2.15% to 1.75%.
As I said earlier, this was the time when the government went down the government debt route for the first year of the Modi government.
This time, there is no reason for us to be concerned that the Government will go down that path.
We can do it as we did the time before when the economy was weak, and we can do the same with the economy as it is right now.
A good time to get a grip on inflation.
The government has gone down to 1% inflation rate in the month of March, a rate that is just barely below the RBI target of 5%.
What can be done about inflation?
The Reserve Bank has already started to cut interest rate to 0.5% from 1%.
It is clear that the Reserve bank has decided to take a haircut on its reserves.
However, there are several other ways to help the economy, and these are also worth considering.
One way is by creating incentives for banks to lend to the economy and this can have positive effects on inflation, especially as it encourages people to spend and invest.
This can have a positive impact on the economy because it can make people think that inflation is low.
A good way to do this is by increasing the amount of cash that banks lend.
Another way is to ensure the banks to reduce the amount that they lend, by increasing it at the rate that they have been doing for a while now.
It should be clear that RBI is now cutting its own interest rate.
In order to prevent the economy from overheating, this will be beneficial to the Government.
But there is one more way in which the government can help inflation: By lowering the minimum support price, which is a measure of inflation, which was cut by the Reserve Board to Rs.500 per month.
This will also help the RBI in keeping interest rates low.
This is the second time the Reserve has cut its interest rate, in February this year.
The RBI has also started to lower its benchmark rate.
As far back as February this, RBI had already announced that it would lower its inflation target from 4% to 2% in the first half of 2019.
In fact, it had already said that it will start to cut its inflation rate from 4 to 2%.
What should the Reserve do now?
The Reserve should keep its policy rate at the lower end of the range and take no more action.
There is no need