Government expects windfall from RBI as dividends

The central government expects to get a massive fund influx from the Reserve Bank of India as dividends in 2019-20.

Accordingly, senior government official have said thataround Rs 90,000 crore is expected to come from the apex bank in this fiscal.Besides, the Budget documents showed that dividends from RBI, public sectorlenders and financial institutions have been pegged at over Rs 1,06,041 crore.

   

According to the full Budget 2019-20 documents, the”dividend or surplus of Reserve Bank of India, nationalised banks and financialinstitutions” has been pegged at Rs 1,06,041.56 crore from Rs 74,140.37crore in the revised estimates for 2018-19.

In 2019-20, the dividends from public sector enterprises andother investments has been pegged at Rs 57,486.88 crore from Rs 45,124.18 crorein the revised estimates for 2018-19.The total dividend profits has been pegged at Rs1,63,528.44 crore from Rs 1,19,264.55 crore. Besides, the government is heavilydependent upon the dividend payout from the RBI which has been estimated at Rs90,000 crore from Rs 68,000 crore which was reported for the previous fiscal.

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