RBI payout to Indian government more than doubles
Dividend boosts public finances as new government set to take office in early June
The Reserve Bank of India (RBI) is set to transfer 2.1 trillion rupees (approximately $25 billion) in dividends to the country’s government, more than double the amount from last year.
The figure represents a 141% increase year-on-year, and will come as welcome news for a new government that will take office after the current marathon elections end on June 1. Election results will be declared on June 4.
The country’s economy ran a 5.8% fiscal deficit during the April 2023–March 2024 financial year
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