The Reserve Bank of India (RBI) has approved the transfer of a record surplus of ₹2.11 trillion to the Indian government for the fiscal year 2023-24. This windfall dividend is higher than estimated and is expected to aid the government in meeting its fiscal deficit target for the fiscal year 2024-25. The substantial dividend is attributed to factors such as investments in US Treasury bonds and profitable dollar sales.
Editorial | The decision by the Reserve Bank of India’s board to transfer a record surplus of almost ₹2.11 lakh crore to the Union government for 2023-24 will serve as a welcome shot in the arm for the new government when it presents its Budget in July. https://t.co/NtwZjg9ZMG
#Opinion | "The new government would be wise to prioritise reducing the #fiscaldeficit with the surplus dividend from #RBI. Spending, if any, from this amount should be on capex" ✍️ @monikahalan | #HTPremium https://t.co/y8GiceGc8i
Why the RBI declared a hefty dividend — An explainer Rough back-of-the-envelope calculation shows that the RBI earned between ₹3 trillion to ₹3.2 trillion on foreign currency sales, with interest of foreign bond holdings and also the revaluation of gold reserves.…
How will the government use the bumper RBI dividend of Rs 2.1 lakh crore! Economists say India should aim for faster fiscal consolidation, lower debt-to-GDP ratio, and reduced market borrowing. Here's more⏬ https://t.co/NVn1vNkBQx By @meghnamittal23 | #RBI #Dividend #India
🚨 RBI board approves record surplus transfer of ₹2.11 lakh crore to government for FY24. A record dividend from the RBI allows the Modi government to invest more in social welfare, infrastructure and growth initiatives. This is huge. https://t.co/FYmXM84439
A combination of factors, including heavy #investments in US Treasury bonds and dollar sales at a healthy profit, facilitated the Indian central bank in transferring a record surplus of Rs 2.11 trn to the govt for FY24. @monstermanojit #RBI #indianeconomy https://t.co/gsIq8fRGEU
India To Get #RatingSupport If It Uses #RBI Dividend To Reduce #FiscalDeficit: S&P Analyst #RBIDividend #Business #Finance #Banking https://t.co/pZOQqliPbV
#LeadStoryOnET | #SwaminathanAiyar wonders how #RBI managed to give Rs 2.1 lakh cr #dividend to govt https://t.co/V975A0jAZu
The bumper Rs 2.11 trillion dividend transfer by the RBI to the Centre is expected to give the next government fiscal cushion and greater elbow room for expenditure management. @RChitravanshi https://t.co/WmTEd1ZzCh https://t.co/OtHOtH1Zbm
Editor's Take | Why has the RBI given such a large dividend to the Govt? What can ₹2.1 lk cr do? Watch! @nikunjdalmia https://t.co/VRTeYog7GZ
India Tonight | Decoding RBI's Bumper ₹2.11 Lk Cr Dividend To Central Govt | Swaminathan Aiyer @VikramOza @SumitaKareer @swamiaiyar1 https://t.co/zoszy5VCeO
#OnCNBCTV18 | ‘#RBI Dividend will be a good counterbalance to lower divestment receipts. Don’t think it will immediately lead to lower govt borrowing’ Taimur Baig discusses bumper Rs 2.11 lakh cr #RBIdividend payout. Says the move will be supportive of domestic bond #yields https://t.co/4ORXpnt9j2
India Tonight | Decoding RBI's Bumper ₹2.11 Lk Cr Dividend To Central Govt | Swaminathan Aiyer https://t.co/K8elLQYRGu
#MCPro | @RBI will transfer a record Rs 2.1 trillion to the government. The Centre must use this windfall gain in a prudent way, but the RBI will encounter a problem nevertheless, argues @aparnaviyer02 Read on⏬ https://t.co/U4kE5c9uhP #RBI #Government
Why the #RBI declared a hefty #dividend — An explainer @latha_venkatesh https://t.co/yLsLLbZu54
#RBI's record dividend of ₹2.11 trillion to help Centre's FY25 fiscal deficit, lower bond yields The record ₹2.11-trillion dividend for FY24 announced by the central bank on Wednesday is expected to help the government meet its fiscal deficit target for FY25. Track all the… https://t.co/EFYU85i6KL
The RBI has decided to transfer a record surplus of Rs 2.11 trillion to the govt for FY24 even after increasing the contingent buffer at the peak level of 6.5%. @monstermanojit #RBI #IndianEconomy https://t.co/8wFjdFJtDe https://t.co/De8wdbHbH3
In a windfall gain for the Centre, the Central Board of Directors of the RBI on Wednesday approved the transfer of a record ₹2,10,874 crore as surplus to the Union government for the accounting year 2023-24, reports @lalatendumishr3 https://t.co/hgPSnu30td
‘RBI dividend is a good news for the fisc, it’s higher than estimates by 0.2-03% of GDP - also shrugs off poor response to its bond buyback programme - says govt does buyback only if the yields are right’ https://t.co/nAcXxPnQtA