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A Desperate Government

With the Bimal Jalan panel report, on what are the excess reserves of the Reserve Bank and how much of it should be transferred to the government awaiting finalisation, yet another warning shot against this ill advised move, has been fired by D. Subbarao, a former RBI governor. This report is said to be in its last stages of finalisation, after weeding out the heavy dissent note put in by S C Garg, its former member. #RBI #Business

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