<p>“No additional borrowing than what we had already planned,” Chawla said, after attending the High level Coordination Commmittee on Financial Markets here.<br /><br />The borrowing by the Indian government this year is estimated at Rs 4,51,000 crore in the current financial year as against Rs 3,06,000 crore in the previous year.<br />Chawla said that ballooning inflation warrants administrative actions, rather than action by way of policy instruments.<br /><br />“Essentially this (high inflation), requires administrative action in terms of the response to make available essential commodities and food products,” Chawla said.<br />“Food inflation is a larger part of the inflation now..therefor there is not much can be done by other polciy instruments including policy instruments,” Chawla said.</p>
<p>“No additional borrowing than what we had already planned,” Chawla said, after attending the High level Coordination Commmittee on Financial Markets here.<br /><br />The borrowing by the Indian government this year is estimated at Rs 4,51,000 crore in the current financial year as against Rs 3,06,000 crore in the previous year.<br />Chawla said that ballooning inflation warrants administrative actions, rather than action by way of policy instruments.<br /><br />“Essentially this (high inflation), requires administrative action in terms of the response to make available essential commodities and food products,” Chawla said.<br />“Food inflation is a larger part of the inflation now..therefor there is not much can be done by other polciy instruments including policy instruments,” Chawla said.</p>
