Panel to Meet Again on RBI Funds Transfer: Bimal Jalan

New Delhi: The Bimal Jalan panel will meet again to finalize the report on the transfer of RBI’s surplus and profits to the government in wake of the earlier Finance Ministry nominee and former Finance Secretary Subhash Chandra Garg’s transfer to another ministry leading to the slot falling vacant.

“Since a new nominee has come, the RBI would decide on exactly what needs to be done and I can’t comment more at this time. The RBI and government will take the call on filling up the gap that has been created due to vacancy from government nominee side,” panel chairman Bimal Jalan said.

“I am not involved in that part,” he added. Asked if the panel will meet again he said: “Most probably.”

As the situation stands now, Finance Secretary Subhash Chandra Garg’s transfer to the Power Ministry might see the panel meeting again. This, however, could not be confirmed. (IANS)

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