Govt expects Rs 28,000 cr interim dividend from RBI; central bank to decide it on in next board meeting

New Delhi: Economic affairs secretary S C Garg on Friday said the government expects Rs 28,000 crore from the Reserve Bank of India (RBI) as an interim dividend in the current fiscal.

The government has already received Rs 40,000 crore from the RBI during 2018-19, Garg told reporters in the post Budget interaction here.

When asked how much interim dividend the government expects from the RBI, he said, “Rs 28,000 crore”.

The decision with regard to interim dividend will be taken in the next board meeting.

On January 7, RBI governor Shaktikanta Das had said the central bank would announce a decision on giving interim dividend to the government once such a final view is taken.

The government has already said it will seek interim dividend from the RBI in order to maintain its fiscal deficit of 3.3 percent of the GDP for 2018-19.

Last fiscal, the RBI paid an interim dividend of Rs 10,000 crore to the Centre. RBI follows the July-June calendar.

“As and when RBI takes any decision on any matter (interim dividend), you will come to know about it,” Das said.

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