RBI's ₹2.11 Lakh Crore Dividend

RBI’s ₹2.11 Lakh Crore Dividend to Help New Government Reduce Fiscal Deficit

A report by SBI highlights that the government's fiscal deficit is expected to reduce by 30-40 basis points from the budgeted level of 5.1% of GDP. This follows the Reserve Bank of India's (RBI) announcement of a record dividend of ₹2.11 lakh crore to the central government for the financial...