Working Capital Management Question:
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Explain what recommendations of Tandon committee were accepted by RBI according to its notification on 21st Aug 1975?

Answer:

According to the notification of RBI dated on 21st Aug 1975 accepted the following recommendations of Tandon committee:

1) Norms for Inventories and Receivables

2) Coverage

3) Methods of Borrowing

4) Style of Credit

5) Information System

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