The Reserve Bank of India has approved the transfer of record Rs 1.76 lakh crore dividend and surplus reserves to the government, boosting Prime Minister Narendra Modi-led regime’s prospect to stimulate the slowing economy without widening the fiscal deficit. Slamming the excess reserve transfer, Congress has attacked the Modi government on Twitter and said: “Rs. 1.76 lakh cr given to the govt by RBI is almost the exact same amount missing from the 2019 Budget announcement. #RBIReserves #RBILooted #Amazon
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