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RBI governor Urjit Patel says combined deficit highest among G20 nations

Urjit Patel is set to brief a parliamentary panel next week 19 on issues concerning demonetisation and its impacts on the economy.

Talking at the Vibrant Gujarat 2017 Summit on Wednesday, the Reserve Bank of India governor Urjit Patel the combined state and central government deficit is among highest in G20 nations.

Urjit Patel is set to brief a parliamentary panel next week 19 on issues concerning demonetisation and its impacts on the economy.

“Our general govt deficit that is borrowing by Centre & state Govts combined, according to IMF data,is amongst highest in G20 nations,” Urjit Patel was quoted by ANI as saying.

He also said that RBI now has a notified target for inflation of 4%, which 6 member monetary policy committee has been tasked to realise.

 

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