View: India needs new fiscal rules targeting the interest-revenue ratio

A target for reducing the interest-to-receipts ratio to 33% is easier for the public to grasp — interest on old debts should not exceed one-third of revenue.
View: India needs new fiscal rules targeting the interest-revenue ratio. This article is published at 23 February 2021 11:13 from Economic Times Business News, click on the read full article link below to see further details.