RBI should not print money to finance fiscal deficit: NIPFP director

The RBI should not print money to finance the fiscal deficit as it will lead to fiscal profligacy, NIPFP Director Pinaki Chakraborty said on Sunday, expressing hope that India will see a faster economic recovery if there is no major third pandemic wave. The director of the National Institute of Public Finance and Policy said high inflation is certainly a concern and there is a need to stabilise inflation to a level which is manageable.