Finance Minister slams criticism on transfer of surplus
Any suggestions on the credibility of the Reserve Bank of India (RBI) are “outlandish”, Union Finance Minister Nirmala Sitharaman said on Tuesday, responding to criticism on the transfer of ₹1.76 lakh crore surplus from the Central bank to the exchequer.
Speaking a day after the Central government’s windfall from the RBI, Ms. Sitharaman said the government was yet to decide on the deployment of the funds.
“I cannot comment right now on how these funds would be deployed. We will inform [the media] only after we have taken a decision,” she said at a press briefing.
Ms. Sitharaman and Minister of State for Finance and Corporate Affairs Anurag Thakur were in Pune for a meeting with tax officials, traders, entrepreneurs and industry experts on issues related to the GST.
Refutes Rahul
This story is from the August 28, 2019 edition of The Hindu Mumbai.
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This story is from the August 28, 2019 edition of The Hindu Mumbai.
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