Author: curagator

rewrite this content and keep HTML tags Officially, fiscal deficit includes state borrowing. Could India consider increased government borrowing and a change in fiscal deficit targets to address the “climate deficit”? The rationale for such a deficit is that the positive impacts of climate management outweigh the negative impacts such as higher inflation. A better way to take action on the deficit would be to reduce climate-related spending so that inflation increases gradually rather than by leaps and bounds. From the RBI’s point of view, this is “out of the curriculum” as its mandate is essentially for the orderly development…

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