Will RBI's Rs 1.76 Lakh Crore Transfer Jumpstart The Economy?
The RBIs move of transferring surplus cash to the tune of Rs 1.76 lakh crore has come under sharp criticism from the opposition. The Congress feels that the government, by digging into the central bank's reserves, has exhibited nervousness and made the RBI vulnerable. Steps to revive economy had to be taken and the fundamentals of a moving economy is when money moves. Tonight on the show we ask, will this cash injection clear the slowdown and get the economy moving? And if that happens, is it necessarily a bad move? Also, if not this step, then what were our other options?
