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Opinion | A worthy way to fund a big-bang stimulus
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The Centre could pledge some of the shares it owns in various companies to RBI as a device to raise a chunk of the money it needs for a fiscal package.
It’s an idea worthy of adoption As the government works out ways of funding a stimulus package to rescue the economy from the ravages of covid-19, one out-of-the-box idea seems to have caught its attention.
On Wednesday, Mint reported that the Centre may be looking at raising funds from the Reserve Bank of India (RBI) by pledging shares in various public sector enterprises (PSEs).
This reflects a welcome openness to new ideas. For meaningful fiscal action, we may need as much as ₹10 trillion in additional spending this year.
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