Govt seeking RBI reserves for poverty alleviation: Jaitley
Finance Minister Arun Jaitley said the government was seeking Reserve Bank of India's (RBI) surplus for poverty alleviation programmes and recapitalising state-run banks, and not to meet fiscal deficit. Modi government has the best track record of keeping fiscal deficit under check, he added. Jaitley had assured government is on track to meet fiscal deficit target of 3.3% of GDP.