E-PaperRbi Surplus News
RBI still sitting on huge buffers, present transfer 'grossly inadequate': Goyal
To the criticism that ₹1.76 tn transfer being a loot, Goyal explained that ₹1.23 tn is part of the regular surplus transfer'RBI is sitting on a large amount of unproductive capital which it is not using, it is lying in the reserves of foreign banks and giving us barely any returns,' says Goyal
2 min read31 Aug 2019RBI’s ₹1.76 trillion transfer to government to be balance sheet neutral
RBI made a ₹1.23 trillion profit in 2018-19 helped by a ₹36,000 cr rise in income earned from OMOsThe Jalan panel has recommended that RBI’s capital framework be reviewed every five years
3 min read28 Aug 2019RBI bonanza allays fiscal concerns, but room for stimulus stays limited
Fiscal slippage issues have receded to some extent courtesy surplus funds transfer by RBIWith the consolidated fiscal deficit staying high, there is limited scope for a further stimulus
2 min read27 Aug 2019Opinion | Misconceptions about an RBI special dividend
Irrespective of the method used to pay the special dividend, it would be a mistake to treat the transfer as a windfall gain for the government
4 min read19 Nov 2018Opinion | A thin line divides RBI autonomy, alignment
The past decade's steady sound of the government chipping away at RBI's powers and autonomy has now reached a crescendo
4 min read19 Nov 2018Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared