RBI dividends to Modi's government may double, aiding fiscal gap : vimarsana.com

RBI dividends to Modi's government may double, aiding fiscal gap

A Bloomberg survey of nine economists saw the surplus transfer at 900 billion rupees ($10.9 billion) for the year ended March, compared to the government’s own estimate of 480 billion rupees, which includes dividends from state-controlled banks. Last year, the RBI approved a payout of 303.1 billion rupees, the lowest in a decade.

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