Central Bank’s Payout To Government Bypasses RBI Act

Name: Central Bank’s Payout To Government Bypasses RBI Act
Uploaded: 2019-08-28T18:19:59+00:00
Duration: 3 min 28 s
Channel: GoNewsIndia
Description: While the RBI has agreed to transfer a record sum of 1.7 lakh crore to the Central Government but there is no provision in the RBI Act that allows the Central Bank to do so.

GoNewsIndia

7 years ago

While the RBI has agreed to transfer a record sum of 1.7 lakh crore to the Central Government but there is no provision in the RBI Act that allows the Central Bank to do so.