Bimal Jalan-panel-recommendations

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Govt gets windfall gain of Rs 1.76 lakh cr from Reserve Bank of India; raises expectation of fiscal stimulus
Business

Govt gets windfall gain of Rs 1.76 lakh cr from Reserve Bank of India; raises expectation of fiscal stimulus

A source familiar with discussions said the government will use the funds to stimulate the economy by cutting taxes

RBI Board meeting today to finalise annual accounts, to take up Bimal Jalan committee's recommendation
Business

RBI Board meeting today to finalise annual accounts, to take up Bimal Jalan committee's recommendation

The RBI follows a July-June financial year and the dividend is usually distributed in August after annual accounts are finalised