Govt not seeking Rs 3.6 lakh cr from RBI: Economic Affairs Secretary Subhash Chandra Garg
New Delhi, Nov 9: The government Friday said it is not seeking Rs 3.6 lakh crore capital from the Reserve Bank but is only in discussion for fixing appropriate economic capital framework of the central bank.
"Lot of misinformed speculation is going around in media. Government's fiscal math is completely on track. There is no proposal to ask RBI to transfer Rs 3.6 or 1 lakh crore, as speculated," Economic Affairs Secretary Subhash Chandra Garg tweeted.
He said the only proposal "under discussion is to fix appropriate economic capital framework of RBI."
Exuding confidence about government's fiscal math, he said, it will stick to the fiscal deficit target of 3.3 per cent for the current financial year ending March 31, 2019.
"Government's FD (fiscal deficit) in FY 2013-14 was 5.1%. From 2014-15 onwards, Government has succeeded in bringing it down substantially. We will end the FY 2018-19 with FD of 3.3%. Government has actually foregone 70,000 crore of budgeted market borrowing this year," he said.
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Power bank catches fire inside stationary IndiGo plane at Chandigarh airport; all evacuated
New Delhi (PTI): The power bank of a passenger onboard a stationary IndiGo aircraft caught fire at the Chandigarh airport on Tuesday, and all passengers and the crew were evacuated, according to a source.
In a statement, the airline said that when IndiGo flight 6E 108 from Hyderabad to Chandigarh was stationary after landing, an incident involving a customer's personal electronic equipment catching fire was reported.
"In the interest of safety, an immediate evacuation was carried out, and all the relevant authorities were immediately informed. All customers have been safely moved to the terminal and are being attended to by the team to ensure their well-being," the statement said.
The source said that soon after the aircraft landed, there was smoke coming from one of the overhead bins and all onboard were evacuated.
The smoke was due to the power bank catching fire, the source said, adding that no one sustained major injuries.
Details about the number of passengers could not be ascertained.
