The Centre has been relying on the central bank’s surplus transfers to keep its fiscal deficit in check. This year’s transfer for 2025-26 may be even larger than last year’s record ₹2.7 trillion payout. The danger is what this reliance says about RBI indepen… For the full story, visit the source.
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Ajit Ranade: Why India’s central bank should not turn into a fiscal stabilizer for the government
The Centre has been relying on the central bank’s surplus transfers to keep its fiscal deficit in check. This year’s transfer for 2025-26 may be even larger than last year’s record ₹2.7 trillion payout. The danger is what this reliance says about RBI indepen…
By Ajit Ranade· Livemint· 1 day ago· 2 min read
This summary is sourced from Livemint. Read the full article at:Livemint