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       INDIA Next Article: Naidu as VP, RS Chairman a tribute to democracy: Modi  
       Note ban effect: RBI halves dividend payment to govt
 
         Posted on :16:57:22 Aug 11, 2017
   
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       Last edited on:23:06:27 Aug 11, 2017
         Tags: Note ban effect: RBI halves dividend payment
 

NEW DELHI: The Reserve Bank of India (RBI) on Thursday said it will pay Rs. 30,659 crore dividend to the government for the year ended June 30, less than half of what it paid in the previous year.

The central bank had in the previous year paid Rs. 65,876 crore dividend to the government.

"The Reserve Bank's Central Board, at its meeting held today, approved the transfer of surplus to the Government of India amounting to Rs. 30,659 crore for the year ended June 30, 2017," RBI said in a statement.

It did not give reasons for paying less dividend. RBI had in 2014-15 paid Rs. 65,896 crore dividend and Rs. 52,679 crore in the year prior to that.

The dividend pay-out was less than Rs. 33,010 crore in 2012-13.

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       INDIA
Next Article: Naidu as VP, RS Chairman a tribute to democracy: Modi
 
 
INDIA HEADLINES
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English passage on Modi in Class X exam fails spelling test  
Has Rahul Gandhi started wearing Rudraksha beads?  
Special courts to hear cases against convicted politicians  
Honour killing of dalit man in TN: Six sentenced to death  
Didn't instruct lawyer to use bad word against Jaitley: CM to HC  
'Seaplane' a big revolution in transport sector: Gadkari  
Rahul should clear his stand on Ram Temple in Ayodhya: Yogi Adityanath  
PM Modi reaches Dharoi Dam in sea-plane  
Not much headway made in Rajiv murder conspiracy probe: SC  
High-voltage campaign for Gujarat polls to conclude today  
Crimes against women highest in Tripura: BJP Mohila Morcha  
Sri Lankan navy apprehends 27 Indian fishermen  
Rumours over; Anushka Sharma, Virat Kohli get married in Italy  
SC issues notice to EC, Centre against candidates contesting two seats  
Rahul Gandhi elected as Congress president  
Senior advocate gives up court practice after heated exchange with CJI  
Sushma Swaraj meets Chinese Foreign Minister Wang Yi  
Narrow escape for patients as fire breaks out at UP hospital  
World Record Long Live Painting to be held in Delhi Monday  
Police deny permission for road show by Rahul, Modi  
Pak tells Modi to win election on own strengths  
Three Pak terrorists neutralised in J-K  
Manmohan didn’t show guts for surgical strike after 26/11: Modi  
 
Is the on-going IFFK well organised?
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no
 
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