Shortfall due to corporate tax cut can be made up by other sources: Das

The RBI will not allow any cooperative bank to collapse, said Das

After the fourth bi-monthly monetary policy committee (MPC) meeting, Reserve Bank of India (RBI) Governor Shaktikanta Das spoke to the media on the rate cut, transmission of interest rates, Punjab and Maharashtra Co-operative (PMC) Bank crisis and the financial sector. Edited excerpts:

Did the MPC deliberate on the impact of the corporate tax rate cut on fiscal deficit?

The government has made a statement that it will adhere to the fiscal deficit target of the current year. So we have, therefore, no reason to doubt its commitment to maintain the fiscal deficit number as given in the Budget. The government has several