The Finance Ministry has admitted that Reserve Bank of India had raised some concerns on the electoral bonds.
In a written reply, Finance Minister Nirmala Sitharaman told the Rajya Sabha that the then RBI Governor, Urjit Patel, had raised some concerns on the electoral bonds.
Sitharaman said, “The Governor, Reserve Bank of India, in his letters dated September 14 and September 27, 2017, raised certain concerns against the issue of electoral bonds. These reasons focused on the aspects of the platform for issuance and possible risks of a bearer bond and were reflective of the Reserve Bank of India’s conservative positioning.”
This story is from the December 11, 2019 edition of The Hindu Business Line.
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This story is from the December 11, 2019 edition of The Hindu Business Line.
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