Pay Commission recommendations not to upset fiscal roadmap: RBI Governor Raghuram Rajan

Pay Commission recommendations not to upset fiscal roadmap: RBI Governor Raghuram Rajan RBI Governor Raghuram Rajan on Tuesday said the Seventh Pay Commission recommendations will not upset fiscal maths as additional expenditures will be offset by either surplus revenues or expenditure cuts. In the fifth bi-monthly monetary policy review for 2015-16, the Reserve Bank said […]