Reserve Bank given Indian Government 57,128 crore

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The proposal was approved. This is currently the case it will help to solve the anxiety to some extent. It will help to solve the anxiety to some extent. Various new one’s Government funding for schemes will be available. Earlier, the RBI had disbursed Rs 65,896 crore in 2018-19, Rs 50,000 crore in 2017-18, and Rs 30, 659 crores in 2016-17.
The central government has extended a helping had to the Reserve Bank in the face of the severe financial crisis in the wake of the lockout. Concerned about the fiscal deficit, the government will transfer Rs 57, 128 crores in dividends to the Reserve Bank.
For the last several months, the central government has been insisting on billions of rupees from the Reserve Bank. As a result, former governor Dr. Urjit Patel as well as former deputy governor Viral Acharya had also expressed displeasure.
Shaktikant Das, who has been the finance secretary in the central government, has been cooperating on the issue since his appointment as a central bank governor. Under his leadership, Rs 1.76 lakh crore was disbursed in the previous year. This includes a dividend of Rs 1.23 lakh crore and an additional Rs 53,637 crore. The amount of the proposal including. Union Finance Minister Nirmala Sitharaman, while presenting the budget for the current financial year, had mentioned the additional amount from the Reserve Bank. This amount was expected to be around Rs 60,000 crore. He said at the time that the money could be used to reduce the government’s fiscal deficit. Das has set a contingency risk of 5.5 percent, which is the minimum.

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