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Jalan board to propose RBI move surplus money to govt in more than 3-5 yrs

The surplus capital exchange would enable the government to meet its monetary deficiency focus as it will come as <br><br>a benefit to the exchequer

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Jalan board to propose RBI move surplus money to govt in more than 3-5 yrs

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  1. BUSINESS STANDARD Jalan board to propose RBI move surplus money to govt in more than 3-5 yrs The Bimal Jalan panel, established to survey the ideal size of capital saves that the RBI should hold, Wednesday finished its report, sources said

  2. The six-part board, under previous RBI Governor Jalan was designated on December 26, 2018, to survey the financial capital structure (ECF) for the Reserve Bank of India (RBI) after the fund service needed the national bank to pursue worldwide accepted procedures and move progressively surplus to the administration. Asked about the quantum of surplus transfer from the RBI to the government, sources said, it cannot be disclosed at the moment but transfer would be periodic and would spread over 3-5 years. The government has set a fiscal deficit focus of 3.3 per cent of the gross domestic product (GDP) for the current financial, revised downward from 3.4 per cent pegged in the interim Budget in February. Read More

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