Foreign Minister: Financial and monetary policies must work in coordination to grow and huge

On Saturday, Finance Minister Nermalla Sitraman expressed his confidence that the government and the reserve bank in India will continue to work in coordination to ensure that financial and monetary policies are actively working to address issues related to inflation and growth.
Monetary policy and financial policy should work alongside the car wheels in coordination, which will ensure the public good. Budget meeting. RBI Governor Sanjay Malhotra and Minister of State for Finance attended a Chaudhry.
The RBI Monetary Policy Committee reduced the rate of 25 basis points on Friday in a move that is consumed by the demand for consumption and came shortly after the tax cuts announced in the Union budget that is expected to increase the demand as well.
The Minister of Finance stressed that the coordination between RBI and the government are always required and stressed that this also helped the Indian economy not to affect the Covid 19.
The minister also expressed his hope that the measures announced in the budget will help, in addition to reducing the interest rate in the permanent recovery of private investments. She said that the anecdotal evidence based on its discussions with the representative of the industry indicates that the orders of fast -moving consumer goods are booked in the quarter from April to June. The industry sees signs of consumption restoration and looking to use the ability to revive.
“I see it as a positive sign and with the RBI decision to reduce the report rate by 25 bits per second, it can serve as the required traction,” said the Foreign Minister.
In the treatment of the media, RBI Sanjay Malhotra also expressed his hope that reducing the rate of ribau will help boost consumption and said that RBI is alertly to all pressure on inflation and said that most consumption in rupees is due to global insecurity. “We hope that it will settle and help in the descending inflation movement,” he said. According to RBI estimates, a 5 % decrease in rupee leads to the impact of 35 basis points on inflation.
For the 26th fiscal year, Robi was estimated at an average of $ 87 against the US dollar. He said: “RBI does not target any level or scope of rupees, but it will not only break excessive fluctuations.”
Meanwhile, the Minister of Finance also said that she hopes to introduce the new income tax bill in Parliament next week. The draft law, which seeks to simplify the current income tax law of 1961 by the Council of Ministers on February 7.

While refusing to give a timetable for the date of the launch of the new law, the minister indicated that he must go through several stages before Parliament passed it. She indicated that the draft law will be sent to the permanent committee after submitting it and then the Council of Ministers will receive any other amendments based on the recommendations of the committee.
When I was asked about its reaction to the results of the Delhi elections, which show that the Bharatia Jatata party is leading in most seats, the Foreign Minister said, “… I am happy to know. Under the leadership of Prime Minister Narendra Modi, the national capital in India must have a government ready to serve Her people.