2.Discuss the rationale behind the Reserve Bank of India's surplus transfer to the Government of India. How does this mechanism impact fiscal consolidation and the autonomy of the central bank?(250w,15m)
2.Discuss the rationale behind the Reserve Bank of India's surplus transfer to the Government of India. How does this mechanism impact fiscal consolidation and the autonomy of the central bank?(250w,15m)
The global forecast for the Asian markets is murky following recent volatility, with crude oil prices providing support in what has been an otherwise tough month. The European markets were down and the U.S. bourses were mixed and flat and the Asian markets figure to split the difference.The TSE finished modestly lower on Friday following losses from the financial shares and property stocks.For the day, the index sank 15.09 points or 0.49 percent to finish at 3,061.35 after trading between 3,057.84 and 3,089.78. Volume was 1.39 billion shares worth 1.30 billion Singapore dollars. There were 285 decliners and 184 gainers.
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