RBI gives this big Rs 50,000 crore 'gift' to Modi govt
The RBI today decided to pay Rs 50,000 crore as dividend to government in line with the Union Budget provisions, helping the Centre stick to its fiscal roadmap. The Reserve Bank, which follows July-June financial year, has paid about 63 per cent higher dividend than previous year (2016-17).
The RBI today decided to pay Rs 50,000 crore as dividend to government in line with the Union Budget provisions. Image source: Reuters