The govt expects to obtain Rs 10,000 crore ($1.5 billion) as meantime dividend from the Reserve Bank of India this month, other people with knowledge of the matter stated.
The amount has been calculated for the six month through Dec. 31, the people stated asking not to be recognized as the guidelines is personal. Reserve Bank of India’s monetary year runs from July to June.
The Reserve Bank had previous declined requests from the federal government for an additional fee after the dividend payout dropped to a 5 year low. Prime Minister Narendra Modi’s administration is looking for additional finances following a plan to spice up spending and shore up enhance forward of 2019 federal elections widened the federal government’s fiscal deficit purpose.
Finance Minister spokesman D.S. Malik was once not immediately available for a comment whilst RBI spokesman Jose Kattoor did not respond to an electronic mail in the hunt for comment.
The amount has been calculated for the six month through Dec. 31, the people stated asking not to be recognized as the guidelines is personal. Reserve Bank of India’s monetary year runs from July to June.
The Reserve Bank had previous declined requests from the federal government for an additional fee after the dividend payout dropped to a 5 year low. Prime Minister Narendra Modi’s administration is looking for additional finances following a plan to spice up spending and shore up enhance forward of 2019 federal elections widened the federal government’s fiscal deficit purpose.
Finance Minister spokesman D.S. Malik was once not immediately available for a comment whilst RBI spokesman Jose Kattoor did not respond to an electronic mail in the hunt for comment.
Government poised to get Rs 10,000 crore dividend from RBI
![Government poised to get Rs 10,000 crore dividend from RBI]()
Reviewed by Kailash
on
March 07, 2018
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