A Karachi-primarily based banker receives the most recent update on stocks from his counterpart in Hong Kong in a blink of an eye fixed. Deficit financing is a crucial source of capital formation in the developed and underdeveloped international locations of the world. In advanced nations, the newly created cash is used to finance public investments which increases economic progress. The federal government invests borrowed money in bettering the standard and reliability of infrastructure i, e, railways, roads, air service, social overheads akin to schools. hospitals and so on. The deficit financing is mostly employed to boost up economic activity in the non-public sector, raising effective demand for goods and providers, increasing employment alternatives and many others,. and so on.
You are proper, but the agenda of cashless economy simply after demonetization raises doubts about the intention of the federal government, The RBI Governor declared of 21st December that from …