Better fiscal management and improved market liquidity can help states to reduce their cost of borrowing, the Reserve Bank Of India (RBI) stated in a latest research paper today. RBI Working Paper titled States’ Fiscal Performance and Yield Spreads on Market Borrowings in India, authored by Ramesh Jangili, N.R.V.V.M.K. Rajendra Kumar and Jai Chander constructs a composite index of States’ fiscal performance and examines if […]
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