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“RBI’S RECORD SURPLUS TRANSFER: A BOON FOR THE NEW GOVERNMENT”

Syllabus: GS-3- RBI and its functions , Monetary policy of India Focus : The article focuses on the Reserve Bank of India’s record surplus transfer of ₹2.11 lakh crore to the Union Government for 2023-24. This substantial financial boost provides the new government with significant fiscal flexibility, enabling increased capital spending, bridging fiscal deficits, and …

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