Rbi Surplus Transfer

Reserve Bank to transfer Rs 57,128 crore as dividend to the Union govt

The government had budgeted Rs 60,000 crore as dividend to bridge its fiscal deficit

Govt may seek another interim dividend from RBI as revenue drops: Report

The fresh call comes just months after the Reserve Bank of India (RBI) approved a 1.76 trillion rupees ($24.8 billion) dividend payment to the federal government

Subhash Garg explains why RBI's surplus profits belong to the govt

Over lunch with Arup Roychoudhury, Garg talks about his two years as finance secretary as the government went into an unprecedented confrontation with the Reserve Bank of India

RBI's future surplus transfers to govt will depend on its net income: FM

Surplus distribution policy of RBI is determined in accordance with section 47 of the RBI Act, 1934, Sitharaman said

After RBI bailout, doubts emerge on how govt will pay for schemes in future

PM Modi announced a flurry of ambitious programmes to win over voters; he now has to find resources to fund recurring expenses for farm income, employment guarantees and health access

Tharoor's worry: Govt may use RBI funds on ads to show no economic slowdown

Participating in an interactive session with Delhi University students organised by his party's student wing NSUI, he claimed that the government "specialised" only in sloganeering

Letters to BS: Govt has learnt no lessons from its havoc-inducing moves

It appears as if the government is rushing with such moves only to divert the attention of the public from the economic crisis

Letters to BS: Manmohan Singh's stand on RBI's fund transfer is unfortunate

The depletion of RBI's reserves accelerated since 2013 when Singh was the PM

Jalan panel didn't get RBI funds pouring for govt; just led to a drizzle

Even that's enough for the parched earth of government finance

RBI's present fund transfer grossly inadequate, says Piyush Goyal

Does the RBI ever foresee a position where they will intervene and the rupee will ever become Rs 50 to a dollar, said Goyal

BJP stole RBI money, pushed India into financial emergency: Congress

The Congress on Friday accused the BJP government of forcefully taking Rs 1,76 lakh crore from the RBI to hide a "grave" economic slowdown and claimed that it had pushed the country into a "financial emergency". The Reserve Bank of India had on Monday approved the transfer of a record Rs 1.76 lakh crore dividend and surplus reserves to the government, boosting the BJP-led regime's prospect of stimulating the slowing economy without widening fiscal deficit. "RBI's emergency fund is at a six-year low as the BJP government has forcefully taken Rs 1,76,000 crore from the RBI to hide its failures and grave economic slowdown," Congress chief spokesperson Randeep Surjewala tweeted, tagging a media report on the central bank's emergency fund. "The BJP government has pushed the country into a financial emergency," he said. In another tweet, the Congress spokesperson also pointed out to the rising number of bank frauds. "'Loot & Scoot' in 'New India' as a complicit BJP govt looks the other

Govt should use funds from RBI to stimulate economy, says ADB chief

The visiting ADB president supported the RBI's approval to the fund transfer and said the country should come up with more such ideas to support growth

RBI has Rs 1.96 trillion as contingency fund after record payout to Govt

The RBI board has decided to transfer the excess reserves to government based on the Bimal Jalan committee report on the appropriate economic capital framework

Letters to BS: Govt must reciprocate by helping RBI to augment its reserves

RBI's reserves, which had peaked to 11.9 per cent of the balance sheet size in 2009, has been depleting since then and is now touching 5.5 per cent

Utilising RBI's revaluation balances a moral hazard: Bimal Jalan panel

The committee said it will become a precedent for using rupee depreciation to fund fiscal expenditure

Letters to BS: Surplus transfer should not be seen as a windfall gain

The amount should not be wasted to run moribund public sector entities such as Air India

Pressure on RBI to transfer reserve endangers economic stability: AIBEA

The association's chief says RBI is now maintain the reserve at the lower band of 5.5% instead of at the higher band of 6.5%, leaving little room for it to meet unforeseen contingencies

RBI's surplus transfer isn't a silver bullet; govt shouldn't get complacent

Excitement in the markets may lull the government into wrongly believing that all the economy's woes are over and the problems have been fixed

Indian Bonds rally on RBI windfall, focus now on 10Y issuance: Report

The global financial services major DBS, however, noted that interests in this paper is likely to be lukewarm ahead of the new 10Y issuance in September or October

Best of BS Opinion: How govt should use RBI payout, G7's relevance and more

Finance Minister's stimulus measures and the RBI's decision to transfer about Rs 1.76 trillion to the government have spurred the markets