In-line with the recommendations of the Bimal Jalan Committee, the Reserve Bank of India (RBI) will transfer ₹1.76 trillion to the government this fiscal year.
Since this government has shown a commitment to fiscal consolidation, economists expect excess money to be largely reserved to meet the expected shortfall in tax revenues. Of course, some of these funds may also be used for recapitalising public sector banks, which the government decided last week to disburse upfront.
![Prof K Nageshwar: RBI surplus funds to Government, what does it mean? [HD] (Video)](https://secure.gravatar.com/avatar/a529f8b3731b5abf1f9994aa34434368?s=100&d=mm&r=g "Prof K Nageshwar: RBI surplus funds to Government, what does it mean? [HD] (Video)"){kind=avatar}
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![Prof K Nageshwar: RBI surplus funds to Government, what does it mean? [HD] (Video)](https://i0.wp.com/www.socialnews.xyz/wp-content/uploads/2019/08/27/maxresdefault-142.jpg?w=180&quality=80&zoom=1&ssl=1 "Prof K Nageshwar: RBI surplus funds to Government, what does it mean? [HD] (Video)")
In-line with the recommendations of the Bimal Jalan Committee, the Reserve Bank of India (RBI) will transfer ₹1.76 trillion to the government this fiscal year. Since this government has shown a commitment to fiscal consolidation, economists expect excess money to be largely reserved to meet the expected shortfall in tax revenues. Of course, some of these funds may also be used for recapitalising public sector banks, which the government decided last week to disburse upfront.