RBI’s Rs 28,000 crore dividend to Modi government is no windfall to bridge fiscal deficit

The issue of transfer of dividends has been a bone of contention for long between the central bank and Modi government. The government had asked for an interim surplus transfer as well as the amount withheld by the RBI from surpluses of the previous two years.

from The Financial ExpressEconomy – The Financial Express https://ift.tt/2SXQ2U9