CAG flags treatment of bank recap expenditure in FY18-19

According to CAG, the finance ministry had stated that bank recapitalisation was not fiscally neutral but cash neutral, as issue of securities would get reflected in the total government debt and coupon payments for the special securities when made would be reflected in the deficit of the relevant year.

from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/3E7Mbre
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