Govt not seeking Rs 3.6 lakh crore from RBI: DEA Secy
Govt not seeking Rs 3.6 lakh crore from RBI: DEA Secy
Centre has not sought Rs 3.6 lakh crore from RBI, clarifies senior finance ministry official
10 November, 2018, 08:32
This comes as yet another giveaway as the elementary interpretation of "appropriate economic capital framework" is fixing a suitable norm for surplus reserve. The rift has widened sharply in the past few weeks and will be taken up at the RBI's forthcoming board meeting on November 19.
Section 7 of the RBI Act gives special powers to the government to issue directions to the RBI governor on issues of public interest. The global norm sets 14% of the GDP to be kept in reserve by the central bank. The issue being discussed was for an appropriate economic capital framework.
RBI deputy governor Viral Acharya had said in his speech last month.
Harvick's championship berth spoiled by NASCAR inspectors
Harvick was docked 40 points for the violation, and his win at Texas no longer automatically advances him to the Round of 8. Harvick won the 2014 Cup Series championship and went to Phoenix that season in a must-win situation to race for the title.
In an attempt to clean up the banking system, which has the worst bad-loan ratio among major economies after Italy, the RBI ring-fenced weak state-run banks by curbing lending and expansion at 11 state-run lenders.
The RBI distributes a part of the profits it generates as dividends to the government while transferring the rest to its reserves. There is no proposal to ask the RBI to transfer Rs 3.6 or 1 lakh crore (trillion), as speculated. Once this is finalized, excess reserves could be transferred to the government, providing the latter with a fiscal cushion. Garg said there was "misinformed speculation" in the media, and that the government's fiscal math was "completely on track". This comprises balances in Contingency Fund, Asset Development Fund (ADF), Currency and Gold Revaluation Account (CGRA), Foreign Exchange Forward Contracts Valuation Account (FCVA) and Investment Revaluation Account Rupee Securities (IRA-RS), besides some minor accounts. He is also a former chairman of the Institute of Chartered Accountants of India.
Sri Lanka's President Maithripala Sirisena waves to supporters at a rally on November 5, 2018, in Colombo . Before signing the order, Sirisena inducted more ministers into the cabinet headed by Rajapakse .
CK, whose Australian portfolio includes power distributor Duet Group, has been blocked in the nation before. CK Infrastructure Holdings is part of the business founded by Hong Kong billionaire Li Ka-shing.
From 2012-14, Dez was a easily a top 5 receiver in the league, an unparalleled red zone weapon and a terrific vertical threat. It's a brutal injury, especially for Bryant, who seemed overjoyed to be in New Orleans .
Shark nets at Shelly Beach and four others on the north coast were removed in May after a almost five-month NSW government trial. On Monday, a shark killed a man in a harbor in the Whitsunday Islands, where two tourists were mauled in September.
Yesterday, we learned that Ruth Bader Ginsburg has been hospitalized after breaking three ribs in a fall in her office. It was then confirmed that she had broken her ribs. "Where can I donate a rib, or three?" tweeted one Ginsburg fan.
Augustine Alligator Farm Zoological Park said a man broke into the property and then jumped into a pool full of crocodiles . Surveillance video shows the man, identified as Brandon Keith Hatfield, thrashing around in the water as he's attacked.
Kevin Legge, a U-I pathology professor, says they're working in stages and are trying to flawless a multi-year flu shot first. The following news release was issued by the Simcoe Muskoka District Health Unit regarding flu vaccines.
In 2017-2018, there were 348 distributors including pharmacies, long-term care homes, physician offices and other agencies. Rockwell says in the videos that she keeps it simple for both groups: "You are due for your flu vaccine today".
Cal Fire Director Ken Pimlott said a "very significant, risky weather pattern" would continue through the end of the weekend. NWS said wind guests of 50 to 70mph were expected to lash the mountains in Ventura County.
In Indonesia have found the oldest cave paintings
In the cave have been preserved and thousands of drawings later, created about 20 thousand years ago, which depict human figures. The cave is described as something like a prehistoric art gallery; it may have been reserved for just this artwork.
Flight attendant breastfeeds strangers baby mid-flight
And as a sweet end to her sweet gesture, Yahoo Lifestyle reported that Organo was promoted to Cabin Crew Evaluator on the flight. Since she posted her moving story and a photo on Facebook Wednesday, the post has been shared more than 29,000 times.
Wife Of Jailed Azerbaijani Banker Detained In London
But judge Jeremy Baker at London's High Court ruled there were not "substantial grounds" to believe she would leave the country. However, prosecutors appealed the decision, meaning she will remain in custody pending an appeal on November 8.
Trump Ignores House Loss to Hail Senate Gains as His ‘Big Win’
House Democrats will have subpoena power and will be able to investigate every facet of Trump's presidency and business career. The U.S. and Saudi Arabia have always been key allies, and Trump made the country his first stop overseas as president.
Meghan Markle May Have Just Been Outed as a Major Bridezilla
Kate, the Duchess of Cambridge and wife of Prince William however understood this and kept it in mind when talking to the staff. Meghan eventually wore a tiara with platinum and diamond which was designed by Queen Mary, the current queen's grandmother.
Florida faces prospect of recounts in governor, Senate races
Nelson's campaign has hired Marc Elias, a Democratic lawyer who regularly works issues of voter's rights and election protection. If the margin of victory is equal or less than 0.5 percent, state law requires a machine to recount the votes.