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RBI Pumps ₹ 1.76 Lakh-Crore Into Modi Government’s Book Of Accounts

The Reserve Bank of India on Monday approved payout of INR₹ 1.76 lakh crore to the government from its surplus and reserves. A committee chaired by former Governor Bimal Jalan made recommendations to the  central bank. The record transfer includes a surplus of INR₹ 1.23 lakh crore for 2018-19. The surplus is aimed to boost […]