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RBI to transfer Rs99,122 crore surplus to govt


Finance > Banks & institutions > Companies (banking) > RBI
21 May 2021
The Central Board of Directors of Reserve Bank of India at its annual meeting today approved the transfer of Rs99,122 crore as surplus to the central government for the accounting period of nine months ended 31 March 2021 (July 2020-March 2021). 
The transfer will help the government s finances as the country battles a furious second coronavirus wave that has seen daily infections and deaths rise to a record level. The restrictions clamped to break the chain of infections have also put a question mark on the country s economic recovery.
RBI has decided to maintain its Contingency Risk Buffer at 5.50 per cent. The central bank is required to maintain a contingency risk buffer of 5.5-6.5 per cent of its balance sheet. ....

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Air India customers' data leaked in major cyber attack : Bulletin: Business Today


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Singapore social media outlets issue correction notice on COVID-19 variant following Kejriwal s remarks
Facebook and Twitter along with Singapore s largest media house have complied with the government s directive to issue a correction to the users of social media platforms in the city-state after Delhi Chief Minister Arvind Kejriwal tweeted about a new COVID-19 Singapore variant . Singapore s Ministry of Health on Thursday invoked the Protection from Online Falsehoods and Manipulation Act (Pofma) in response to a statement circulating online claiming that there is a new variant of COVID-19 which originated in the city-state that is more harmful to children. Kejriwal on Tuesday wrote on Twitter claiming that the new strain of the coronavirus found in Singapore could be very dangerous for children and urged the Indian government to cancel all air links with Singapore. ....

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