AICC Press Briefing By Anand Sharma on the RBI's decision to transfer surplus to the Govt.
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Watch AICC Press Briefing By Anand Sharma on the RBI's decision to transfer surplus to the Govt. With HD Quality.
AICC Press Briefing By Anand Sharma on the RBI's decision to transfer surplus to the Govt.
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Watch AICC Press Briefing By Anand Sharma on the RBI's decision to transfer surplus to the Govt. With HD Quality
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Finance Minister Nirmala Sitharaman on Tuesday dismissed criticism about the RBI's decision to transfer Rs 1.76 lakh crore to the government and said that any suggestion concerning the credibility of the central bank and the Jalan Committee 'seems a bit outlandish'.'I want to say that Bimal Jalan Committee had eminent experts in it. It was constituted by the Reserve Bank themselves, not by the government. They have had several sittings and have come out with formulas...So, this is a committee which the Reserve Bank appointed,' she told reporters here while responding to a question that RBI's international credibility AAA rating could be affected as it has reduced its surplus by transferring the amount to the government.
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Watch Sitharaman dismisses criticism about RBI's decision, says outlandish to question its credibility With HD Quality
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The Reserve Bank of India (RBI) on Monday accepted Bimal Jalan committee recommendations and approved surplus transfer to the government.RBI board decided to transfer a sum of Rs 1,76,051 crore to the Government of India comprising of Rs 1,23,414 crore of surplus for the year 2018-19 and Rs 52,637 crore of excess provisions identified as per the revised Economic Capital Framework (ECF) adopted at its board meeting.
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Watch RBI accepts Jalan panel report, approves Rs 1.76 lakh crore surplus transfer to govt With HD Quality
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A day after the Reserve Bank of India's Central Board accepted the Bimal Jalan panel recommendations and decided to transfer Rs 1.76 lakh crore in dividend and surplus reserves to the government, Congress on Tuesday slammed the move. Congress media chief Randeep Singh Surjewala called the move a 'fiscal harakiri', and asked whether it was sheer coincidence that the Rs 1.76 lakh crore borrowed by the RBI matches with the 'missing amount in the Budget calculation'.
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Watch Surplus fund transfer: Govt rescuing self with RBI reserve, Randeep Surjewala tweets With HD Quality
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Accepting the recommendations of the Bimal Jalan committee, the Reserve Bank (RBI) board has approved the transfer of record Rs 1.76 lakh crore dividend and surplus reserves to the government, boosting Modi regime's prospect to stimulate the slowing economy without widening fiscal deficit. ET's Saubhik Chakrabarti shares his views on the decision and its impact on the economy. (Text: PTI)
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Watch Analysis: RBI okays Rs 1.76 lakh crore surplus transfer to govt | Economic Times With HD Quality
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Highlights: AICC Press Briefing By Anand Sharma on No-Confidence Motion Against Modi Govt
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Misuse of CBI against Political Opponent by Modi Govt: AICC Press Briefing By Anand Sharma at Congress HQ
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No-Confidence Motion Against Modi Govt: AICC Press Briefing By Anand Sharma at Parliament House
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