Government revenue likely to overshoot budgeted numbers

Date:


MUMBAI: RBI’s announcement on Wednesday of a Rs 2.11 lakh crore dividend will make obtainable a bonanza for the brand new govt when it takes workplace after the continued nationwide elections.

In a press release issued after its board assembly, RBI stated the dividend was computed after sustaining a contingent danger buffer at 6.5% of its steadiness sheet. The buffer is on the larger finish of the 6.5 to 5.5% band really useful by the Bimal Jalan committee, which signifies that RBI’s payout follows document earnings.
RBI’s whole revenue and sources of revenue are disclosed within the annual report, which is printed later within the 12 months. Considering that public sector banks too have reported document income and are declaring dividend, govt revenues are likely to overshoot budgeted numbers. This 12 months’s dividend is 140% of the Rs 87,400 crore declared for FY23. The highest dividend declared by RBI thus far was Rs 1.7 lakh crore in FY19.


Nilesh Desai
Nilesh Desaihttps://www.TheNileshDesai.com
The Hindu Patrika is founded in 2016 by Mr. Nilesh Desai. This website is providing news and information mainly related to Hinduism. We appreciate if you send News, information or suggestion.

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