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Is Modi govt emptying RBI coffers to plug deficit?

As the RBI central board accepted the recommendations of the Bimal Jalan panel on capital transfer and decided to pay the government Rs 1.76 lakh crore for the current fiscal, Congress leader Rahul Gandhi slammed the move describing the development as a theft.

Meanwhile, as Finance Minister Nirmala Sitharaman hits out at criticism of Jalan panel's recommendations, we raise the following questions on the show:

Is Modi govt emptying RBI coffers to plug deficit?
Has Modi govt killed RBI's autonomy?
Has the govt set a dangerous precedent?
Does lowering contingency funds put RBI at risk?
How should the govt be spending Rs 1.76 lakh crore?

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