[Burning Issue] RBI Surplus Transfer
Context On August 26, the central board of the Reserve Bank of India (RBI) had decided to transfer a surplus of Rs 1.76 lakh crore to the government-its highest transfer ever-sparking a fierce debate. The government was acting on the recommendations of a committee chaired by former RBI governor Bimal Jalan, on capital transfer. RBI’s… Continue reading [Burning Issue] RBI Surplus Transfer