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‘Record RBI dividend at 0.6% of GDP may not be sustained’
Millennium Post Delhi
|New Delhi 28May2024
The RBI last week decided to transfer a record Rs 2.1 lakh crore dividend to the govt for FY24
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Fitch Ratings on Monday said the record-high dividend transfer by the RBI to the government is equivalent to 0.6 per cent of GDP, and such high level of dividends as a percentage of GDP is unlikely to be maintained.
The board of India's central bank last week decided to transfer a record Rs 2.1 lakh crore dividend to the government out of the profits earned in fiscal 2023-24. This is more than double of Rs 1.02 lakh crore that was budgeted by the government.
This story is from the New Delhi 28May2024 edition of Millennium Post Delhi.
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