India, Aug. 28 -- Milking RBI to meet fiscal deficit is easy way out to cover govts inefficiency
Milking RBI to meet fiscal deficit is easy way out to cover govts inefficiency in meeting tax collection numbers & other deficiencies. Transfer of Rs 1.76 lakhs is an staggering amount as well as questionable. RBI money no doubt belongs to the govt of India which is its lone & main shareholder but it is like an adult son using his wealthy fathers money without working hard to earn his livelihood to make both ends meet. It has sent an wrong precedent for future as such transfers would empty RBI coffers in the days to come.
Previous RBI governors including Urjit Patel resigned unceremoniously probably for this very reason & having an RBI governo...