Tag: t v somanathan

India to stay alert for ‘hot money’ after bond index inclusion: official

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 The aim will be to ‘prevent volatility or volatile inflows’ but ‘never’ to restrict outflows, says Somanathan.  | Photo Credit: AFP India will monitor flows of foreign funds after its inclusion into JPMorgan’s emerging market debt index and take steps to avoid ‘hot money’ that can trigger volatility in currency and bond markets, a senior…

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‘Rigid, statutory fiscal targets are getting discredited globally,’ says Finance Secretary

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T. V. Somanathan, Finance Secretary. File | Photo Credit: The Hindu Almost no country seems to adhere to fixed fiscal goals anymore, Finance Secretary T.V. Somanathan said in an interview to The Hindu, emphasising that the country’s high growth trajectory should enable a gradual decline in its debt to GDP ratio. He also noted that…

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