Boost to liquidity, 8% growth target achievement: Govt

The Finance Ministry on Tuesday said that the 0.25 percentage point rate cut by the Reserve Bank will inject liquidity in the system and help achieve closer to 8 per cent growth in the current fiscal.

Finance Secretary Ashok Lavasa said RBI and the government are on the same page with regard to inflation target and the government is taking all measures possible to keep inflation within the range of 2-6 per cent.

“The RBI policy will boost liquidity in the system... On the whole, this is a decision which will go down well with all sections of the economy,” he told.