05 October, 2019
3 Min Read
GS-III: A welcome move, but it’s unlikely to spur demand
With the 25 basis points (bps) rate cut, RBI returned to the conventional wisdom of a rate change in multiples of 25bps.
???????Efficacy of rate cuts:
More clarity is needed to crystallize the KYC requirements for off-shore entities as also their tax implications.
In the current context, an only monetary policy rate cut would not work in isolation. It must be complemented by fiscal expansion.
Source: Live Mint
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