As the government tries to beg,
borrow, and steal funds to make its FY20 partial budget look grand to voters in
the next National Election, the RBI board will meet on November 19 to discuss
whether it could part with some of its extra reserves to meet the FinMin's
extortion call. The FinMin is interested in using the cash to bridge its budgetary
deficit since the grand idea of raising Rs 72,000 crores through the sale of
PSU shares is nowhere realization. CLICK TO READ RELATED STORY.
As the government tries to beg,
borrow, and steal funds to make its FY20 partial budget look grand to voters in
the next National Election, the RBI board will meet on November 19 to discuss
whether it could part with some of its extra reserves to meet the FinMin's
extortion call. The FinMin is interested in using the cash to bridge its budgetary
deficit since the grand idea of raising Rs 72,000 crores through the sale of
PSU shares is nowhere realization. CLICK TO READ RELATED STORY.