look news india
RBI gave dividend to the government: Reserve Bank of India may issue record dividend this year on the basis of its strong revenues and position. Which is Rs. 10,000 in the Central Government treasury. There will be an increase of Rs 1 lakh crore.
Last week, RBI announced that government borrowing through treasury bills will be limited to Rs. There has been a decrease of Rs 60 thousand crores. Furthermore, RBI is implementing certain criteria to ensure the success of the upcoming operation. In which the government is planning to repay the outstanding loan of Rs 60,000. Both measures will increase the government's funds. Due to which the financial condition of the Central Government will improve and more money will be available for development works.
Government treasury will be full in the month of May
RBI acts as the debt manager of the government. Which will deposit this surplus fund in the government treasury in May. Union Bank of India's Chief Economic Advisor said in a research report that RBI will deposit Rs. Will deposit surplus of up to Rs 1 lakh crore. Last year the highest amount was Rs. 87416 crore surplus was transferred.
While the research head of ICICI Securities is Rs. Dividend payment of Rs 1.2 lakh crore is estimated. The central bank's balance sheet, core capital ratio is increasing. Hence the amount of dividend has also increased. The RBI's position has been strengthened by the increase in interest earned on foreign currency assets due to the US Fed's interest rate hike.
