RBI bonanza to help government 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 Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2Zjj8Ar