Page 2 - Rbi Surplus Funds

Top 10 biz headlines: RBI helps govt on fiscal deficit, IndiGo AGM & more

From RBI's surplus transfer helping the govt contain fiscal deficit at 3% of GDP in 2019-20 to India's leading PSUs facing financial headwinds, here are the top business headlines for Tuesday

Govt may contain fiscal deficit at 3% in FY20 after RBI's surplus transfer

The fiscal deficit target seemed challenging with subdued tax collections

RBI accepts Jalan panel report, okays Rs 1.76 trn surplus transfer to govt

This follows the RBI board accepting the recommendation of a high-level panel headed by its former Governor Bimal Jalan on transfer of excess reserves to the government.

RBI board to meet today; likely to take up Bimal Jalan committee report

Jalan committee has recommended transferring the RBI's surplus reserves to the government in a staggered manner over three-five years.

Union Budget 2019: Modi govt accounts for 'excess reserves' from RBI

Government is expecting around Rs 20,000 crore as additional transfers from the RBI

Jalan panel defers report on RBI surplus funds after lack of consensus

The six-member committee led by former RBI governor Bimal Jalan will met once more before submitting its report by the month-end.

Jalan panel defers report on RBI surplus funds over difference of opinion

The six-member panel, headed by Former RBI Governor Bimal Jalan, was originally supposed to submit the report in April.