This acceptance gives the government a bonus transfer of Rs. 86,000 crores over and above the budgeted Rs. 90,000 crores
QE is tool which is used widely by Central banks & came more into limelight in early March 2015 when ECB launched a QE program.
Raghuram Rajan conveniently ignored the fact that of increment in saving doesn’t guarantee more purchasing power. And this is what exactly happened during his regime.
From the country’s perspective, the need of the hour from the new governor is the delineation of an agile credit delivery structure that meets the demands of all sectors of the economy.