At 6.7%, RBI's inflation forecast could be an optimistic one https://ift.tt/J9wl4CS as RBI has retained its growth forecast for FY23 at 7.2%, it has raised the inflation forecast by 220 basis points to 6.7% for FY23 above its tolerance band of 2-6%.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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