Budget 2020: FinMin likely to push for Rs 25,000-Rs 30,000 cr interim dividend from RBI; to help fiscal deficit slippages
In the past RBI has paid a total Rs 38,000 crore as an interim dividend (Rs 28,000 crore in FY19 and Rs 10,000 crore in FY18)
Shaktikanta Das as RBI governor: Central bank is a quiet, but happening place with current chief at helm for a year
Shortly before his resignation, one of former RBI governor Urjit Patel’s deputies, Viral Acharya, had made a scathing attack on the government on the issue of RBI’s autonomy in one of his speeches
Decoding Bimal Jalan panel proposals on RBI surplus capital transfer to government: The good, bad and ugly
Post the Jalan panel recommendations, the RBI chose the lower band of 5.5 percent and agreed to transfer a total of Rs1,76,051 crore to the government
RBI to transfer highest-ever surplus of Rs 1.76 lakh cr to govt; all you need to know about central bank's excess capital
The Narendra Modi government and the RBI under its previous governor Urjit Patel had been at loggerheads over the optimum level of surplus capital with the central bank.
RBI windfall of Rs 1.76 lakh cr surplus to Centre supports deficit, offers a permanent avenue to raise resources
The government will get a bonanza of around Rs 86,000 crore over and above the budgetary provision of Rs 90,000 crore from the RBI
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
RBI capital transfer: Bimal Jalan panel likely to get extension to finalise report; govt to replace its representative after SC Garg's transfer
The government and the RBI, during the tenure of the previous governor Urjit Patel, had been at loggerheads over the surplus capital with the central bank.
Subhash Chandra Garg’s exit and Bimal Jalan report: Did dissent on surplus transfer trigger top official’s ouster from FinMin?
The ECF is one issue, but Garg has spearheaded too many controversial battles for the Finance Ministry with the RBI.
Bimal Jalan panel finalises report on RBI capital; recommends periodic transfer of surplus to govt in 3-5 years
A high-level panel led by former RBI governor Bimal Jalan, set up to decide the appropriate capital reserves that the central bank should maintain, Wednesday finalised its report
Bimal Jalan panel on RBI's capital size again defers report submission deadline till Budget next month
The six-member panel, under former RBI governor Jalan, was appointed on 26 December, 2018, to review the Economic Capital Framework (ECF) for the RBI
The Bimal Jalan committee, which is looking into the size of capital reserves that the RBI should hold, will have one more meeting before finalising its report to be submitted to the apex bank by month-end
The six-member Jalan panel was appointed on December 26, 2018 to review the Economic Capital Framework for the RBI
A high-level panel looking into appropriate capital reserves the RBI should maintain will hold at least two more meetings before finalising the report, former Reserve Bank governor Bimal Jalan, who is heading the committee, said
The government also wants the RBI to release more liquidity to the shadow banking sector and relax its provisioning norms for banks.
Bimal Jalan to head panel to decide on RBI cash reserves: Former central bank governor enjoys govt support, but committee to have final say
Jalan will lead a six-member committee which will review the status, need and justification of various provisions, reserves and buffers presently provided for by the RBI
RBI constitutes committee on Economic Capital Framework, appoints former governor Bimal Jalan as chairman
Former deputy governor Rakesh Mohan has been appointed as vice chairman of the committee, the RBI said
Government will likely renew its demand for Rs 13,140 crore ($1.9 billion) in additional dividend from the central bank helmed by newly-appointed governor Shaktikanta Das
Economic Affairs Secretary Subhash Chandra Garg on Wednesday said the government will seek interim dividend from the Reserve Bank of India.
Asian markets skidded as concerns over global growth and the protracted US-China trade dispute sapped risk appetite.
Unlike the last meet, which lasted for 10 hours, Friday's meeting is likely to get over by afternoon.