RBI approves ₹87,416 cr surplus transfer to Centre for FY23
The central bank has also decided to raise the contingency risk buffer to 6% from 5.5% earlier
surplus
May 2023
January 2020
October 2019
August 2019
‘Budget 2020 will be very challenging’
Despite a lower tax mop-up and the shortfall in disinvestment target, government receipts are seen growing 6% in FY20, thanks to RBI’s large dividend. But FY21 would be different.
The tale of India’s forex reserves
In the week ended October 4, India’s forex kitty swelled to an all-time high of $437.8 billion. In the 471 weeks from October 2010, it has crossed the $400-billion mark 81 times.
Govt gets a shot in the arm
Based on the Bimal Jalan committee recommendations, the central bank decides to transfer ₹52,637 crore of excess provisions, apart from ₹1,23,414 crore of surplus for FY19.
