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Economy

RBI’s Excess Capital: Here’s why this obsession seems fairly pointless

Updated : January 14, 2019 10:47 AM IST

Transfer of excess capital to the government now would be a simple creation of money.
The quality and extent of our fiscal deficit has seriously deteriorated in recent times.
Any excess capital has already been lent back to the government in the form of GOI bonds held by the RBI.
RBI’s Excess Capital: Here’s why this obsession seems fairly pointless
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