(Video) Rajya Sabha TV (RSTV) The Big Picture: RBI's Surplus Fund

Topic: RBI's Surplus Fund

Guest:

• Mohd. Haleem Khan, (Former Secretary, Ministry of Finance, Govt. of India)
• Professor Aman Agarwal, (Director, Indian Institute of Finance)
• Ashok Nag, (Former Advisor, RBI)
• Yatish Rajawat, (Senior Journalist)

Topic Description:

The Reserve Bank of India has decided to transfer 1.76 Lakh crore rupees in dividend and surplus reserve to the govt. This came after the RBI board accepted rhe recommendations of Bimal Jalan committee on transfer of excess reserve funds to the govt. The total amount to be transfered by RBI to govt includes 1,23,414 crore rupees surplus for the year 2018-19 and 52,637 crore rupees as excess provisions identified according to the revised economic capital framework or ECF. This transfer of record surplus funds from RBI is expected to boost overall revenue for the govt and meet ita fiscal deficit target.

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Courtesy: RSTV