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Finance Minister Nirmala Sitharaman to address RBI board on August 10

By Business Standard - 2 months ago
Finance Minister Nirmala Sitharaman is scheduled to address the Reserve Bank of India's central board on August 10 and highlight key points of the Budget FY25, including the fiscal consolidation roadmap. The post-budget meeting has been scheduled for August 10 where the finance minister will address the board members and talk about announcements made in the Budget 2024-25 that strike a fine balance between growth, employment, and fiscal prudence, sources said. It is customary for the finance minister to address the Reserve Bank of India board after the budget. Unveiling the Budget on July 23 in the Lok Sabha, Sitharaman said the total receipts other than borrowings and the total expenditure are estimated at Rs 32.07 lakh crore and Rs 48.21 lakh crore, respectively, for 2024-25. The net tax receipts are estimated at Rs 25.83 lakh crore, she said, adding that the fiscal deficit is estimated at 4.9 per cent of the GDP. The gross and net market borrowings through dated securities dur

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