The government has not sought funds from surplus reserves of the Reserve Bank to meet fiscal deficit, minister of state for finance Pon Radhakrishnan has said. The RBI has massive Rs 9.59 lakh crore reserves, and the finance ministry and independent director S Gurumurthy want it to be lowered in line with global practicesfrom Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2A1xczR
