arihant competition in focus monthly magazine
arihant competition in focus monthly magazine published this
article page no312
It is interesting however to see how the
bond issue impacts the macro economy and specifically the fiscal deficit. The
annual interest cost of the bonds is likely to be in the range of Rs 8000 crore
to Rs 9000 crore. According to Chief Economic Advisor Arvind Subramanian the bond issue is not going to stoke inflation or widen the fiscal deficit.
However it depends on accounting treatment whether the issue will widen the fiscal deficit or not. arihant competition in focus monthly magazine
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