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The Government wants & reserves & # 39; RBI conservation: Chidambaram



The Government is crucial to & # 39; a & # 39; Receive RBI to control the resources. The other disagreement is just like a smokes screen: P Chidambaram

The Government is crucial to & # 39; a & # 39; Receive RBI to control the resources. The other disagreement is just like a smokes screen: P Chidambaram

New Delhi: Soon on the RBI Board meeting, the Transport headquarters, P Chidambaram, said that the central government was "essentially" to capture its bank to control the 9 trillion reservoirs them.

In a series of thweets, the finance minister also asked that the government and the Indian Reserve Bank (RBI) Go to "decision" in a board meeting on Monday the bank.

"The Government is crucial to accepting RBI to control the resources. The other disagreement is not the same as a smokes (sic) screen," he said on a microblogging site Twitter.

Chidambaram said, "There is no room in the world as a main boarded company. To recommend that private business people are governmental forecasts as predictive. "" Day of November will be on a day to report for Central Bank independence and the Indian economy, "he said.

The RBI has huge reservoirs of 9.59 trillion and the government, if credible reports, requires the central bank to engage in a third of that property – a case that as well as to & # 39; Distributing normal rates for weak and hungry banks increase two at the logging numbers in the past weeks.

The government said on November 9 that it spoke about the "appropriate" amount of capital resources that the middle bank needed to keep but to refuse to; looking for a major capital move from the RBI.

Economic Affairs Secretary Chandra Garg had clarified that the government was in poor use of property and there was no suggestion to request the RBI to transfer £ 3.6 trillion.

"There is no suggestion to ask RBI to move (Rs) 3.6 or (Rs) 1 trillion, as indicated," he said. "Government FD (fiscal deficit) in FY 2013-14 5.1%. From 2014-15 onwards, the government has been successful in reducing it significantly. We will finish FY 2018-19 with a FD of 3.3%. The government has spent 70,000 crops on this year's budget market loan. "Garg said that the only proposal" was discussed in order to negotiate the appropriate economic capital framework of the RBI ".

This story was published from a wire group, a food without text change.


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