For budgets that are largely discretionary, changes in forward commitments do not enter significantly into budget deliberations, and hence the surplus or deficit in the unified budget is a reasonably accurate indicator of the stance of fiscal policy and its effect on saving.
In the relationship with the government, the Reserve Bank of India emphasises: (a) autonomy in operations; (b) harmony with the government policies, specially due to the continuing dense linkage between fiscal and financial sectors in India; and (c) co-ordination with the government in bringing about structural changes, particularly in respect of public ownership and legislative framework.