FinMin makes first move on FSLRC despite Subbarao's reservations | Business Standard
FinMin makes first move on FSLRC despite Subbarao's reservations | Business Standard
Online comments posted on August 28, 2013:
Online comments posted on August 28, 2013:
Transfer
of ownership of DICGC to GOI is a welcome move. Perhaps, with this move,
government is admitting that risk to financial assets emanate mostly from
government policies and insuring deposits and guaranteeing recovery of bank
credit should be government’s responsibility. It is hoped that GOI will
compensate RBI for the share transfer and the proceeds will go into RBI’s
reserves and this time it will not be a ‘book adjustment’, as was on certain
earlier occasions.
M G WARRIER
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