Government may seek ₹ 30,000 crore interim dividend from RBI - News Summed Up

Government may seek ₹ 30,000 crore interim dividend from RBI


"If required, the government may request the Reserve Bank of India for interim dividend of ₹25,000-30,000 crore during the current fiscal," an official said. In the past, the government has taken the route of seeking interim dividend from the RBI to balance its account. Last fiscal, the RBI paid ₹28,000 crore as interim dividend. Out of the net income of ₹1,23,414 crore for the year 2018-19, RBI had already transferred ₹28,000 crore to the government as interim dividend in March 2019. The government got a higher dividend of ₹95,414 crore during the current fiscal as against the budgetary estimate of ₹90,000 crore.


Source: Mint September 29, 2019 10:41 UTC



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