RBI's record Rs 2.11 lakh crore dividend to boost India's FY2025 finances! Experts say it will lower the fiscal deficit by 0.4% & allow for increased spending or sharper consolidation. Read for the impact on government borrowing & challenges.
MUMBAI, May 22: The Reserve Bank of India will pay a record Rs 2.1 lakh crore dividend to the government for the fiscal ended March 31, more than double
RBI board approves transfer of ₹2,10,874 crore surplus to Centre for FY24 thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
RBI's Central Board approves ₹2.11-lakh crore surplus bonanza to the Govt thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
The Reserve Bank of India will pay an unprecedented Rs 2.1 lakh crore dividend to the government for the fiscal year ending March 31, more than doubling the budgeted expectation. This boost in revenue comes as a new government is set to take office, stabilizing the fiscal deficit.