View: India’s central bank payout no succor for government finances

Last year the RBI’s board approved a record payment of 1.76 trillion rupees ($23.5 billion) to the government, which included 1.23 trillion rupees as dividend and 526.4 billion rupees from its surplus capital. This year, New Delhi has budgeted for a 600 billion-rupee transfer, but local media has speculated authorities are expecting more.

from News-Economic Times https://ift.tt/31L4fp4