RBI to transfer Rs 28,000 cr interim surplus to Centre
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The Reserve Bank has announced that it will transfer an interim surplus of Rs 28,000 crore to the central government for the half-year ended 31st December, 2018.
In a statement issued on Monday evening, the RBI said the decision has been based on a limited audit review and after applying the extant economic capital framework.
This is the second successive year that the Reserve Bank will be transferring an interim surplus to the government.
The decision follows the RBI Board meeting held in New Delhi earlier today. Finance Minister Arun Jaitley addressed the board and outline various reforms and policy measures taken by the government in the past four years.
Earlier, the Central Board of the Reserve Bank commenced its meeting by observing two minutes silence in memory of the security personnel who laid down their lives in Pulwama.
Apart from RBI Governor Shaktikanta Das, all the four deputy governors and directors of the Central Board along with secretaries from the Department of Economic Affairs, Financial Services, Revenue and Expenditure attended the meeting. #casansaar (Source - RBI, NewsonAir)
In a statement issued on Monday evening, the RBI said the decision has been based on a limited audit review and after applying the extant economic capital framework.
This is the second successive year that the Reserve Bank will be transferring an interim surplus to the government.
The decision follows the RBI Board meeting held in New Delhi earlier today. Finance Minister Arun Jaitley addressed the board and outline various reforms and policy measures taken by the government in the past four years.
Earlier, the Central Board of the Reserve Bank commenced its meeting by observing two minutes silence in memory of the security personnel who laid down their lives in Pulwama.
Apart from RBI Governor Shaktikanta Das, all the four deputy governors and directors of the Central Board along with secretaries from the Department of Economic Affairs, Financial Services, Revenue and Expenditure attended the meeting. #casansaar (Source - RBI, NewsonAir)
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