Economy
RBI greenlights record surplus transfer of Rs 2.86 lakh crore
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The Reserve Bank of India (RBI) has approved a record surplus transfer (dividend) of Rs 2.86 lakh crore to the Central Government for the financial year. This significant transfer, calculated under the revised Economic Capital Framework (ECF), boosts the government's non-tax revenue but is expected to primarily offset rising subsidy pressures rather than create substantial new fiscal headroom.
Source: Economic TimesRead the full story →