RBI resisted govt push for ₹3 lakh crore transfer in 2018 ahead of elections: Viral Acharya
The Reserve Bank (RBI) resisted a “raid” planned by some in the government to extract ₹2-3 lakh crore from its balance sheet in 2018 to meet populist spending in run-up to general elections, Viral Acharya, who was deputy governor at RBI at that time, has written. This apparently had led to differences between RBI and…