Jalan panel moots transfer of RBI’s surplus in tranches over 3-5 years

The Bimal Jalan Committee on Economic Capital Framework has suggested transfer of funds from the Reserve Bank of India to the government in tranches over 3-5 years.

The Committee will submit its report within 15 days to RBI Governor Shaktikanta Das. Based on the recommendations, the RBI will decide what share of its reserve will be transferred to the government.

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Source: Business Line