"Would Amount To Raiding RBI": Arvind Subramanian On Using Up Surplus | Read
Former Chief Economic Adviser Arvind Subramanian on Saturday said the independence of the Reserve Bank of India was vital, and any attempts by the government to coerce the central bank into parting with its cash would amount to a "raid". "It (surplus funds) should not go towards routine financing of spending and deficit financing - that would amount to raiding the RBI," Dr Subramanian told NDTV in an interview.
