Deploy record RBI dividend to hand hold states: Bhanumurthy
What the government plans overall for the next five years is much more important for the businesses and the budget which will be presented for the next nine months.
What the government plans overall for the next five years is much more important for the businesses and the budget which will be presented for the next nine months.
The mega dividend will give a fillip to the central government’s fiscal position, which may lead to additional spending or fiscal consolidation or a combination of both, says Ind-Ra.
The Central Board of the Reserve Bank of India increases contingent risk buffer to 6.5% from 6% in FY23
The central bank has also decided to raise the contingency risk buffer to 6% from 5.5% earlier
The dividend of ₹30,307 crore is also in stark deviation from the budget estimates set by the central government for FY23 at ₹73,948 crore.