Alternative financial system will emerge; dollar to remain global currency: Subhash Garg
Garg sees the U.S. dollar as a major global currency for many years to come, if not in the entire globe, at least in the U.S. block.
Garg sees the U.S. dollar as a major global currency for many years to come, if not in the entire globe, at least in the U.S. block.
While one was for contract agriculture, the amendment to the Essential Commodities Act was more ludicrous, said Garg.
Garg says that while demonetisation achieved some objectives like curbing fake money and terror funding, the government made certain wrong assumptions while doing the exercise.
Garg maintains that due to the compromises the promise of the GST has not been utilised fully resulting in current revenues at 11–11.5%.
Centre’s borrowing plan of ₹15 lakh crore for FY23 seen influencing MPC to pursue accommodative stance.