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Tuesday, 27 August 2019

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Windfall from RBI to give government ammunition to fight slowdown, boost capex

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A record windfall from the Reserve Bank of India under governor Shaktikanta Das to the tune of Rs 1.76 lakh crore -- higher than the aggregate dividend paid out by the central bank in previous three years -- will give the Modi government ammunition to fight an ever-widening slowdown in the economy by spurring investment and giving sectoral stimulus.

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