Given the expected revenue shortfall in a slowing economy especially against the aggressive targets set by the Finance Minister&rsquo;s maiden Budget presented last month, the windfall from the RBI may be used to trim borrowing, help fund Rs 3.3 lakh crore capex plan, capitalize banks and provide fiscal stimulus to some stressed sectors, experts and economists said. According to them, the windfall from RBI &mdash; the budget had pegged only Rs 90,000 crore as dividend &mdash; can be used to prop up the sagging economic growth. She also called it &ldquo;outlandish&rdquo; to question the credibility of the Reserve Bank which had formed the Bimal Jalan panel with eminent experts.Without explicitly mentioning the Rafale controversy, Sitharaman said the Congress is used to making allegations of stealing or calling someone a thief and wondered why it persists with it despite the electoral drubbing.&ldquo;The Congress should have consulted its own finance ministers and senior leaders before making these allegations regarding the RBI. They have become an expert in making such allegations of stealing and I do not want to pay much heed to this,&rdquo; she told reporters here.Earlier in the day, Congress leader Rahul Gandhi hit out at the government over the record cash transfer from the RBI.On the former RBI Governor Raghuram Rajan&rsquo;s comments in December 2018 on the likelihood of the RBI&rsquo;s rating getting downgraded if its excess capital is carved out, Sitharaman said the Jalan panel was appointed by the RBI itself, with eminent experts and met several times before arriving at its conclusion.&ldquo;Any suggestions about the credibility of the Reserve Bank, therefore, seems a bit outlandish to me,&rdquo; she said.The panel went into the issue of excess RBI capital like the earlier two panels on the subject and considered all important aspects, including financial stability and contingency requirements, before coming at its formula, based on which the capital is being transferred, she said. It can be noted the RBI&rsquo;s excess reserves had become a thorny issue between the RBI and the government last year.However, Sitharaman said the government is yet to decide on what to do with the money.

RBI's &#8377;1.76L Cr Booster Shot For Economy: FM

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