Centre Wants RBI Reserves To Meet Fiscal Deficit, Alleges P Chidambaram

Former finance minister P Chidambaram today warned the NDA government against laying its hands on RBI reserves, saying it will have "catastrophic" economic consequences for the country. He also said the minutes of a Reserve Bank of India meeting on November 7, 2016 is a "comprehensive repudiation" of the government's "justification" for demonetisation. Talking to reporters in Guwahati, the senior Congress leader said it is clear that the BJP has no understanding of the role of the central bank and no respect for the independence of its governor.

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