Ukraine war may be at centre of RBI letter to govt https://ift.tt/CXtsYc4 Shaktikanta Das would not disclose the contents of the letter as the law mandates him only to write to the government. But the MPC's assessment and conduct - and those of the governor - over the past nine months point to one event - the war in Ukraine. "February 24th completely changed the picture," said Shaktikanta Das, referring to the day Russian tanks rolled into Ukraine.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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