ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Education-Not Fit for Democracy

size of the errors and omissions entry will not be appreciably different in the 'final' figures as and when the RBI chooses to release them.
From the fact that the errors and omissions entry has been persistently negative the conclusion is sought to be drawn that the country has lost foreign exchange to the tune of Rs 400 crores over the last decade. If only this were the true measure of our foreign exchange losses I Even the official study team on foreign exchange leakages had put the annual loss of foreign exchange at around Rs 240 crores. So over the last decade the losses would amount to something like Rs 2,500 crores.

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