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RBI Dividend Payout to the Government

  • Category
    Economy
  • Published
    3rd Sep, 2019
  • The Reserve Bank of India (RBI) had decided to transfer a sum of ?1,76,051 crore to the Government of India (Government) comprising of ?1,23,414 crore of surplus for the year 2018-19 and ?52,637 crore of excess provisions identified as per the revised Economic Capital Framework (ECF).
  • This marks the first time the RBI will be paying out such a huge amount, a one-off transfer. Earlier, the government had budgeted for Rs 90,000 crore from the RBI as dividend for this fiscal year.

Issue

Context

  • The Reserve Bank of India (RBI) had decided to transfer a sum of ?1,76,051 crore to the Government of India (Government) comprising of ?1,23,414 crore of surplus for the year 2018-19 and ?52,637 crore of excess provisions identified as per the revised Economic Capital Framework (ECF).
  • This marks the first time the RBI will be paying out such a huge amount, a one-off transfer. Earlier, the government had budgeted for Rs 90,000 crore from the RBI as dividend for this fiscal year.
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