Simple Samachar: Understanding the Rift Between RBI and Government
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Where does the Reserve Bank of India's reserves come from? What does the central bank do with so much cash? How does the RBI earn its revenue? What expenditures does the institution have to bear?
After the reported truce in the feud between the government and the RBI, on today's show Aunindyo Chakravarty explains what led to the disagreement and why the RBI desires to hold on to its cash reserves. (Audio in Hindi)
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