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Govt asks RBI to transfer excess reserves for FY17, FY18
short by Shruti Maria Mahendar / on 05 Feb 2019,Tuesday
The government has asked the RBI to transfer its entire surplus for the last two years as it seeks to meet revised budget goals for FY19 and FY20. It has asked RBI to pay ₹13,190 crore for FY17 and ₹14,190 crore for FY18. This comes before the RBI reserves surplus committee, headed by former Governor Bimal Jalan, submits its report.
short by Shruti Maria Mahendar / 11:58 pm on 05 Feb
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