In the wake of slowing economic growth and growing global uncertainty, the central board of the Reserve Bank of India approved transfer of ₹1.76 lakh crore surplus reserve to the central government.
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Union finance minister Nirmala Sitharaman tabled the economic survey in Parliament, on Thursday, which projected gross domestic product growth at 7 per cent in the 2019-20 fiscal year from an estimated 6.8 per cent in the previous year.
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