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RBI's to transfer Rs 99,122 cr as surplus to Centre (Ld) ​ By IANS | ​ 0 Views Reserve Bank of India (RBI). (File Photo: IANS). Image Source: IANS News New Delhi, May 21 : Reserve Bank will transfer Rs 99,122 crore as surplus to Centre for nine months ended March 31, 2021. The decision was taken at the 589th meeting of the Central Board under the chairmanship of RBI Governor Shaktikanta Das, through video conference. According to the RBI, the Board in its meeting reviewed the current economic situation, global and domestic challenges and recent policy measures taken by the Reserve Bank ...

RBI approves transfer of Rs 99,122 crore as surplus to Centre This will be for the accounting period of nine months ended March 31. It has also decided to maintain the Contingency Risk Buffer at 5.50 per cent BusinessToday.In | May 21, 2021 | Updated 13:32 IST Rs 99,122 crore as surplus to Centre The Reserve Bank of India Central Board has approved transfer of Rs 99,122 crore as surplus to the central government. This will be for the accounting period of nine months ended March 31. It has also decided to maintain the Contingency Risk Buffer at 5.50 per cent. The decision was taken during th...

Read more about Market Wrap Podcast, May 21: Here's all that happened in the markets today on Business Standard. Supported by a rally in other financial stocks, coupled with favourable global cues, the BSE barometer of 30-shares ended at 50,540 levels, up 976 points or 1.9 per cent

RBI's high surplus transfer to buffer hit on government revenues SECTIONS Last Updated: May 21, 2021, 03:11 PM IST Share Synopsis The RBI announced a surplus transfer of 991.22 billion rupees ($13.58 billion) for the 9-month period from July 2020 to March 2021, the central bank said in a statement. The bank will move to an April to March accounting year from 2021/22, from a July to June year. RBI to transfer Rs 99,122 crore surplus to government The Reserve Bank of India's board approved a significantly higher than expected surplus transfer to the government on Friday but it may not be enough...

Customs duty reliefThis refers to the news report ‘Customs duty relief for Covid tangled in red tape’ (May 20). The exemption has been given as an ad hoc exemption and not a general exemption because