A special committee has advised RBI to transfer an extra ₹90,000 crore to the govt

Breaking the Piggy Bank 

The RBI’s board of members have accepted the recommendations of the Bimal Jain Committee to allocate a sum of ₹ 90,000 crore to the govt in addition to the ₹ 86,000 crores it had committed this year to kick-start the economy.

It is the highest amount that the RBI has ever allocated to the govt (almost double the sum it usually transfers) and it is being deducted from RBI’s contingency fund, which is normally reserved for national emergencies

To understand the extent to which it will heal the economy – watch Arun Kumar Purwar’s 14 minute interview because its going to help you connect the dots that most of us can’t even spot. 

Leave a Reply