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DAILY NEWS ANALYSIS
31 August, 2019
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News
The transfer of Reserve Bank Of India surplus to the government in a routine manner.
Bimal Jalan committee Recommendations:
Economic Capital Framework
Every year RBI transfer the surplus to the government:
What are the sources from, RBI generate money?
A significant part comes from RBI’s operations in financial markets:
Conclusion:
Normally, the money is transferred to the Consolidated Fund of India from which salaries and pensions to government employees are paid and interest payments done, besides spending on government programmes. The large payout can help the government cut back on planned borrowings and keep interest rates relatively low. Besides, it will provide space for private companies to raise money from markets. And if it manages to meet its revenue targets, the windfall gain can lead to a lower fiscal deficit.
Source: The Hindu
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