Business Government not seeking RBI reserves to meet fiscal deficit, says Arun Jaitley Updated : January 01, 2019 06:03 AM IST Jaitley said that the Modi government has the best track record of keeping fiscal deficit under check. Jaitley said that central banks of most of the countries keep a reserve of 8 percent, while some conservative central banks maintain 14 percent reserves. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.