The new government should start confidently thanks to the RBI’s transfer of excess.
The Reserve Bank of India board’s decision to transfer a record surplus of about ₹2.11 lakh crore to the Union Government for 2023-24 will boost the new government’s budget presentation in July. The transfer, which is more than double the previous year’s 87,416 crore payout and 1.02 lakh crore dividend-cum-surplus receipts from the … Read more
