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Jalan panel defers report on RBI surplus funds over difference of opinion

The six-member panel, headed by Former RBI Governor Bimal Jalan, was originally supposed to submit the report in April.

Reuters  |  Bengaluru 

Bimal Jalan
Bimal Jalan (pictured), former RBI governor, also pitched for a rating upgrade for India due to a number of steps taken by the government

A panel deciding on guidelines for transfer of the central bank's surplus funds to the government delayed submitting its report on Wednesday, due to a difference of opinion, officials said.

The six-member panel, headed by former RBI Governor Bimal Jalan, was originally supposed to submit the report in April, delayed it for a third time due to lack of consensus.

First Published: Wed, June 12 2019. 15:35 IST
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