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Former Reserve Bank of India governor Bimal Jalan. (Photo: Mint)
Former Reserve Bank of India governor Bimal Jalan. (Photo: Mint)

RBI panel defers reserves report for fourth time

  • The panel will submit the report after the federal budget in July
  • The six-member panel delayed the report for the fourth time due to lack of consensus

New Delhi: A Reserve Bank of India (RBI) panel deciding on guidelines for transfer of the central bank's surplus funds to the government has further delayed submitting its report, an official said on Monday.

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

The panel will submit the report after the federal budget in July, the official said.

This story has been published from a wire agency feed without modifications to the text.

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