Avatar - Quartz India
Quartz Indiaadded this to Quartz India
India’s central bank finally toes the line, pays $4 billion advance to government

India’s central bank finally toes the line, pays $4 billion advance to government

Quartz

India’s central bank has decided to write an early cheque to the government to help prevent its budget shortfall from widening, even as it opens its coffers to fund pre-election sops. On Feb. 18, the Reserve Bank of India (RBI) said it will transfer Rs28,000 crore ($4 billion) to the government as …

View on qz.com