...........“As against Rs 33,000 crore proposed in the interim budget, actual dividend from the RBI stands at Rs 46,000 crore,” the government said in its medium-term fiscal policy statement last month, a document that is issued along with the Union budget. “Over the past years, the RBI has been setting aside a portion of its profits as reserves before declaring dividend to the central government. Over the years, sufficient balances have been built up in various reserves and, as such, the RBI has decided to pass on higher dividend to the government. Accordingly, the dividend declared in 2014-15 has been revised upwards,” the document added.........
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
No comments:
Post a Comment