RBI Surplus Transfer: Moving People's Money from One Pocket to Another
In order to disguise financing of government spending that does not appear in the formal Budget, the government is moving Rs 1.76 lakh crore from Reserve Bank of India to its own pocket.
In order to disguise financing of government spending that does not appear in the formal Budget, the government is moving Rs 1.76 lakh crore from Reserve Bank of India to its own pocket. To understand this in detail, Prabir Purkayastha is in conversation with senior journalist Paranjoy Guha Thakurta.
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