Modi government gets Rs 50,000 crore dividend
Thursday - August 9, 2018 2:17 pm ,
Category : WTN SPECIAL
64 percent more dividend than last year
AUG 09 (WTN) - RBI, i.e. the Reserve Bank of India, will give a dividend of 50,000 crores to the Modi government. It is being said that this move of the Reserve Bank is in line with the provisions of the Central Government's general budget. It is being said that this dividend of RBI will help the central government in maintaining the fiscal framework.
In this financial year, the RBI is paying 64 percent more dividend to the Central Government. For your information, let you know that in the last financial year, RBI had given a dividend of Rs 30,659 crore to the government. The decision to transfer surplus of Rs 50,000 crores for the financial year ended on June 30, 2018 was decided at the meeting of the Central Board of Directors of the RBI.
For your information, let you innform that in March this year, the RBI had given an interim dividend of 10,000 crores to the government for the financial year. It is being said that the Central Government has estimated about Rs 54,817.25 crore as dividend from the Reserve Bank, Nationalized Banks and Financial Institutions. Last year, the government received Rs 51,623.24 crore from this item.
In the last financial year, the RBI had given a dividend of Rs 30,659 crore to the government, which was half of the dividend given in the year 2016. The reason for the decreasing the dividend in the financial year ending in June 2017 is the cost of printing of new notes after the demonetization. After getting a dividend of 50 thousand crores, it is said that the Modi government will get a lot of support and funds will be available for a lot of public welfare schemes.
AUG 09 (WTN) - RBI, i.e. the Reserve Bank of India, will give a dividend of 50,000 crores to the Modi government. It is being said that this move of the Reserve Bank is in line with the provisions of the Central Government's general budget. It is being said that this dividend of RBI will help the central government in maintaining the fiscal framework.
In this financial year, the RBI is paying 64 percent more dividend to the Central Government. For your information, let you know that in the last financial year, RBI had given a dividend of Rs 30,659 crore to the government. The decision to transfer surplus of Rs 50,000 crores for the financial year ended on June 30, 2018 was decided at the meeting of the Central Board of Directors of the RBI.
For your information, let you innform that in March this year, the RBI had given an interim dividend of 10,000 crores to the government for the financial year. It is being said that the Central Government has estimated about Rs 54,817.25 crore as dividend from the Reserve Bank, Nationalized Banks and Financial Institutions. Last year, the government received Rs 51,623.24 crore from this item.
In the last financial year, the RBI had given a dividend of Rs 30,659 crore to the government, which was half of the dividend given in the year 2016. The reason for the decreasing the dividend in the financial year ending in June 2017 is the cost of printing of new notes after the demonetization. After getting a dividend of 50 thousand crores, it is said that the Modi government will get a lot of support and funds will be available for a lot of public welfare schemes.
