RBI approved to transfer 50,000 crore surplus to government

The Reserve Bank of India RBI has approved the transfer of a surplus amount of Rs 50,000 crore for the year ended June 30, 2018, to the government. While the amount was budgeted at Rs 45,000 crore by the government, the extra Rs 5,000 crore provide a slight boost to the exchequer. The RBI had transferred a surplus of ₹30,659 crore to the government for the fiscal ended June 2017. During the tenure of former governor Raghuram Rajan, RBI transferred over ₹65,800 crore to the government for two consecutive years.download our android app

  • RBI approved to transfer 50,000 crore surplus to the government.
  • The amount was budgeted at Rs 45,000 crore by the government, the extra Rs 5,000 crore provide a slight boost to the exchequer.
  • The RBI had transferred a surplus of ₹30,659 crore to the government for the fiscal ended June 2017.
  • Former governor Raghuram Rajan, RBI transferred over ₹65,800 crore to the government for two consecutive years.download our android app