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RBI Refused Govt's Push to Transfer Rs 3 Lakh Crore in 2018 Ahead of General Election: Viral Acharya (thewire.in)

submitted 2 years ago by xuxebiko@kbin.social to c/india@kbin.social

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The RBI refused the Modi government’s proposal to extract Rs 2-3 lakh crore from its balance sheet in 2018 for pre-election expenditure ahead of Lok Sabha polls in the following year: Former central bank deputy governor Viral Acharya reveals.

This, according to Acharya's updated edition of his 2020 book, had led to the differences between RBI and the Centre. He'd first flagged this issue in late 2018.

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