RBI surplus transfer

Chandigarh (Gurpreet Singh): Punjab Finance Minister Harpal Singh Cheema on Saturday intensified his attack on the BJP-led Union Government over the record transfer of nearly ₹2.87 lakh crore from the Reserve Bank of India (RBI) to the Centre, stating that the Modi Government was increasingly treating the RBI like a “personal treasury” to manage its fiscal deficit while denying states their rightful share despite India’s federal structure. Citing official figures showing that the Centre has taken nearly ₹14.29 lakh crore from RBI since 2014, with more than half of the amount transferred in the last three years alone, the Finance…