Accepting the recommendations of the Bimal Jalan committee, the Reserve Bank (RBI) board has approved the transfer of record Rs 1.76 lakh crore dividend and surplus reserves to the government, boosting Modi regime's prospect to stimulate the slowing economy without widening fiscal deficit. ET's Saubhik Chakrabarti shares his views on the decision and its impact on the economy. (Text: PTI)
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Watch Analysis: RBI okays Rs 1.76 lakh crore surplus transfer to govt | Economic Times With HD Quality.
Accepting the recommendations of the Bimal Jalan committee, the Reserve Bank (RBI) board has approved the transfer of record Rs 1.76 lakh crore dividend and surplus reserves to the government, boosting Modi regime's prospect to stimulate the slowing economy without widening fiscal deficit. ET's Saubhik Chakrabarti shares his views on the decision and its impact on the economy. (Text: PTI)
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Watch Analysis: RBI okays Rs 1.76 lakh crore surplus transfer to govt | Economic Times With HD Quality
News video | 371 views
The Reserve Bank of India (RBI) on Monday accepted Bimal Jalan committee recommendations and approved surplus transfer to the government.RBI board decided to transfer a sum of Rs 1,76,051 crore to the Government of India comprising of Rs 1,23,414 crore of surplus for the year 2018-19 and Rs 52,637 crore of excess provisions identified as per the revised Economic Capital Framework (ECF) adopted at its board meeting.
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Watch RBI accepts Jalan panel report, approves Rs 1.76 lakh crore surplus transfer to govt With HD Quality
News video | 427 views
The Reserve Bank of India (RBI) on Friday decided to transfer a surplus of Rs 99,122 crore to the Central government. The decision was taken at 589th meeting of the RBI's central board of directors.
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RBI to transfer Rs 99,122 crore surplus to government
News video | 888 views
The six-member Bimal Jalan committee - formed December, 2018 to review the economic capital framework (ECF) for the Reserve Bank of India after the finance ministry wanted the central bank to follow global best practices and transfer more surplus to the government, is recommending that surplus reserves held by the RBI be transferred to the government in tranches over three to five years. Watch this video to know more. (Text: PTI/ET Bureau)
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Watch Jalan panel report on surplus RBI reserves 'finalised'; here's what we know | Economic Times With HD Quality
News video | 262 views
A day after the Reserve Bank of India's Central Board accepted the Bimal Jalan panel recommendations and decided to transfer Rs 1.76 lakh crore in dividend and surplus reserves to the government, Congress on Tuesday slammed the move. Congress media chief Randeep Singh Surjewala called the move a 'fiscal harakiri', and asked whether it was sheer coincidence that the Rs 1.76 lakh crore borrowed by the RBI matches with the 'missing amount in the Budget calculation'.
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Watch Surplus fund transfer: Govt rescuing self with RBI reserve, Randeep Surjewala tweets With HD Quality
News video | 389 views
Congress leader Rahul Gandhi on Tuesday hit out at the government over the record cash transfer by the RBI, saying the prime minister and the finance minister are 'clueless' about solving the 'self created economic disaster' and accused them of 'stealing money' from the Bank.
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Watch Surplus fund transfer: Stealing from RBI won't work, Rahul Gandhi tweets With HD Quality
News video | 406 views
In a move that may change the very basics of the India's bankruptcy regime, the Supreme Court Tuesday declared RBI's momentous circular on defaulting companies as unconstitutional. The circular in question sought to deal with resolution of stressed assets by way of a revised framework. Commonly referred to as the February 12, 2018 circular, it had forced seriously stressed companies to come clean and declare bankruptcy. Tune in as ET's Joel Rebello brings you all the details. (Text: ET Online)
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Watch SC scraps Feb 12 RBI circular on bad loans- Impact and analysis | Economic Times With HD Quality
News video | 1035 views
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AICC Press Briefing By Anand Sharma on the RBI's decision to transfer surplus to the Govt.
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