New Delhi, May 24 -- The Reserve Bank of India announced on Friday its decision to transfer Rs 2.69 lakh crore as surplus to the Union government for the accounting year 2024-25, marking an all-time high amount that represents a 27 percent increase from the previous year.
This transfer coincides with the central bank's adoption of a revised Economic Capital Framework that provides greater flexibility in maintaining risk buffers amid external economic uncertainties.
The dividend amount, while lower than recent market expectations of Rs 3-3.5 lakh crore, exceeded budget projections by approximately Rs 40-50,000 crore.
The transfer represents 46.1 percent of the government's non-tax revenue and accounts for 5.29 percent of the Union Budge...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.