RBI’s record ₹2.87 lakh crore surplus transfer to the Centre shows its growing fiscal significance, as earnings from reserve management and foreign assets support govt. finances; the trend raises questions about central bank independence, fiscal centralisation, and exclusion of such transfers from fiscal devolution to States
RBI’s record ₹2.87 lakh crore surplus transfer to the Centre shows its growing fiscal significance, as earnings from reserve management and foreign assets support govt. finances; the trend raises questions about central bank independence, fiscal centralisation, and exclusion of such transfers from fiscal devolution to States
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