Government Expects Increased Dividend From RBI

BE/RBI/29/2017

It is after a day that Central Bank’s data revealed that Demonetization effect has been unprofitable exercise for it, the FM has informed that still they are hopeful of getting a higher dividend from RBI in the current fiscal year.

The Finance Ministry official said that the matter is under discussion with RBI.

  • RBI is said to have calculated a surplus of 44,000 crore and has transferred 30,000 to the Government.
  • The Government has a budget estimate of around 58,000 and are in discussions with RBI as to whether there is any possibility of further transfers.

Let us wait and see.

Author: Admin Bankedge

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