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Monday, 26 August 2019

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RBI bonanza to help government meet FY20 deficit target

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The massive transfer of Rs 1.76 lakh crore from the RBI to the government has come as a huge relief for the Centre, which has been grappling with a tight revenue position. The transfer from the RBI is also expected to act as a stimulus for the economy, which has shown significant signs of a slowdown.

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