Earlier, while announcing the Budget, finance minister Pranab Mukherjee projected the government borrowing in 2009-10 at Rs 4.5 lakh crore. "The RBI will ensure that the needs of the productive credit will be met. . . we are reviewing the situation and will use available instruments to conduct the borrowing programme in a non-disruptive manner," RBI deputy governor Shymala Gopinath told reporters in Mumbai.
The panel, to be headed by Reserve Bank of India Deputy Governor Shymala Gopinath, will review the structure of the National Small Savings Fund and give recommendations on making schemes more flexible and market-linked.
