The Reserve Bank of India (RBI) has approved the transfer of record Rs 1.76 lakh crore dividend and surplus reserves to the government and like everything else there is a mixed reaction to it with some hailing it as a prospect to stimulate the slowing economy without widening fiscal deficit while there are others literally blaming the Centre for dipping into the central bank’s coffers.
Agencies
Economy is among the areas that are understood by few and therefore while a layman may have an opinion on issues around it, it may not necessarily be an informed opinion. As it goes, Governor Shaktikanta Das-led RBI central board gave its nod for transferring to the government a sum of Rs 1,76,051 crore comprising Rs 1,23,414 crore of surplus for the year 2018-19 and Rs 52,637 crore of excess provisions identified as per the revised Economic Capital Framework (ECF).Click Here: cheap true religion jeans