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Govt can claim up to Rs 7 tn from RBI's excess capital: Arvind Subramanian
Written By PTI
Published: | Updated:
Former chief economic advisor (CEA) Arvind Subramanian has made a strong pitch to the government to claim Rs 4.5-7 trillion in excess capital from the Reserve Bank of India (RBI).
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The RBI follows a July-June fiscal year. The note-ban of November 2016 had shrank the central bank's balance-sheet by close to Rs 15.8 trillion. Image Source: Reuters
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