RBI bonanza to help govt meet FY20 deficit target

The massive transfer of Rs 1.76 lakh crore from the RBI to the government has come as a huge relief for the Centre, which has been grappling with a tight revenue position. The transfer from the RBI is also expected to act as a stimulus for the economy, which has shown significant signs of a slowdown.

from Times of India https://ift.tt/2Zjj8Ar