Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
»
1-min read

Govt to Seek Interim Dividend from RBI, Says Economic Affairs Secy

Last fiscal, the RBI paid an interim dividend of Rs 10,000 crore to the Centre. RBI follows the July-June calender.

PTI

Updated:December 19, 2018, 11:44 PM IST
facebookTwitterskypewhatsapp
Govt to Seek Interim Dividend from RBI, Says Economic Affairs Secy
File photo of RBI headquarters in Mumbai. (Reuters)
Loading...

New Delhi: The government will seek interim dividend from the Reserve Bank of India (RBI), Economic Affairs Secretary Subhash Chandra Garg said Wednesday.

Last fiscal, the RBI paid an interim dividend of Rs 10,000 crore to the Centre. RBI follows the July-June calender.

Asked if the government will seek interim dividend from RBI this year, he said, "Yes."

The secretary also said the committee which will examine the economic capital framework of the Reserve Bank has almost been finalised.

"Panel on economic capital framework has virtually been agreed. Hopefully, soon it will be announced," he said at the sidelines of an event organised by PHD Chamber here.

On November 19, the central board of the RBI had decided to constitute an external committee to examine its economic capital framework. The composition and terms of reference of the committee were to be decided jointly by the government and the RBI.

The government and the RBI have been locked in a tussle over various issues, including transfer of excess reserves of the central bank.

Finance Minister Arun Jaitley had earlier said the government does not need any extra funds from the Reserve Bank or any other institution to meet the fiscal deficit target.

Garg too had earlier tweeted that there is no proposal to ask the RBI to transfer excess reserves and the only issue under discussion "is to fix appropriate economic capital framework of RBI".

| Edited by: Ahona Sengupta
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
Yes Bank 109.30 -5.90
Indiabulls Hsg 609.80 -6.86
Reliance 1,281.00 -0.10
IndusInd Bank 1,409.00 0.67
HDFC Bank 2,417.25 -0.20
Company Price Change %Gain
Yes Bank 109.30 -5.94
Indiabulls Hsg 609.70 -6.95
Infosys 750.65 1.38
Reliance 1,282.55 0.08
Godrej Consumer 672.05 2.19
Top Gainers
Company Price Change %Gain
Vedanta 168.10 2.47
Coal India 260.35 1.98
BPCL 385.55 1.96
Power Grid Corp 197.80 1.93
ICICI Bank 422.15 1.92
Company Price Change %Gain
Vedanta 168.00 2.47
Coal India 260.35 2.02
ICICI Bank 422.20 1.88
Power Grid Corp 197.70 1.88
Infosys 750.65 1.38
Top Losers
Company Price Change %Gain
Indiabulls Hsg 609.80 -6.86
Yes Bank 109.30 -5.90
Maruti Suzuki 6,439.00 -2.17
Hindalco 189.95 -1.89
Asian Paints 1,380.05 -1.56
Company Price Change %Gain
Yes Bank 109.30 -5.94
Maruti Suzuki 6,437.05 -2.20
Asian Paints 1,380.40 -1.53
Sun Pharma 378.40 -1.11
HDFC 2,154.30 -0.79

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results