The Bimal Jalan panel was constituted by the central bank in consultation with the government to review the extant ECF of the RBI The Bimal Jalan panel of the Reserve Bank of India which recommended that the central bank transfer surplus reserves to the government has come out with a slew of recommendations. The panel recommended that the revised economic …
New Delhi: The Bimal Jalan panel that was set up to review the economic capital framework of the Reserve Bank of India has decided to recommend transfer of surplus reserves to the government in a staggered manner over three-five years based on a predetermined formula. The transfer of surplus capital may help the government meet its fiscal deficit target at …
New Delhi: The Reserve Bank of India on Wednesday set up an expert committee, headed by its former governor Bimal Jalan, to suggest how the central bank should handle its reserves and whether it can transfer its surplus to the government. The committee, which has been formed to review the existing economic capital framework, will have former RBI deputy governor …
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