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RBI can transfer ₹1-trillion of excess reserves to govt: BoAML analysts

Giving a break-up, the report said ₹1.05 trillion can be transferred if the contingency reserve is capped at 3.5 percent of the RBI book

2 min read26 Nov 2018

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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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