Thu, May 23, 2024
RBI dividend to government: The report states that following the Reserve Bank of India's (RBI) announcement of a record dividend of Rs 2.11 lakh crore to the central government for the financial year 2023-24, a substantial reduction in the fiscal deficit is on the horizon.
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This allocation exceeds the previous high of Rs 1.76 lakh crore in 2018-19, indicating a significant increase in the payout. The decision was made at the 608th meeting of the RBI's Central Board of Directors, chaired by Governor Shaktikanta Das.
Fri, May 19, 2023
Economists also highlighted the fact that apart from RBI dividends, dividends from other public service banks will also help garner more revenue, which will eventually contribute to the GDP of the country.
The Reserve Bank of India (RBI) will transfer Rs 87,416 crore as dividend to Government of India for the accounting year 2022-23, according to an official statement. The RBI board approved the transfer of surplus in its meeting on May 19.
Fri, Mar 09, 2018
RBI transferred a surplus of Rs 30,659 crore to the government, which was nearly half of what the central bank has been earning and transferring to the government over the past few years.
Sun, Nov 19, 2017
In August, the RBI had paid a dividend of Rs 30,659 crore for the fiscal ended June 2017. It was less than half the Rs 65,876 crore it had paid in 2015-16.
Thu, Aug 10, 2017
The Reserve Bank of India will pay Rs 30,659 crore ($4.78 billion) as a dividend to the government for the year ended June 2017, less than half the Rs 65,876 crore it paid the previous year, it said on Thursday.
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