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.
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
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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
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RBI और मोदी सरकार में फिर ठनेगी! | Jalan Panel Finalises Report On RBI Capital | RBI Latest news
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The Reserve Bank of India (RBI) panel deciding on norms for transfer of the central bank's surplus funds to the government has further delayed submitting its report, an official said on Monday. As the differences continue among the RBI Economic Framework Capital (ECF) panel members over the distribution of the central bank's surplus reserves, the Bimal Jalan led-committee has sought more time to submit its report, the official source said.
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Watch Consensus eludes Jalan panel on RBI surplus, report delayed With HD Quality
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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
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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
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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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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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