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RBI Asks Non-Banks To Stick To Rs 20,000 Loan Cash Payout Limit: Report
India's central bank has asked non-bank finance companies (NBFC) to strictly adhere to a cap of 20,000 rupees ($240) in cash loans, according to a letter seen by Reuters and two people aware of the development, in a bid to deter cash transactions.
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RBI Draft Dividend Cap: NBFCs Can Handle Ratios By Raising Tier-II Capital, Says Report
RBI's Dividend Cap Proposal For NBFCs: The central bank has proposed to cap the dividend payout ratio for NBFCs at a maximum of 50 per cent
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RBI Approves Dividend Payout Of Rs 57,000 Crore To Government
The Reserve Bank of India (RBI) on Friday approved an annual dividend payout of more than Rs 57,000 crore to the government. The development comes at a time when the government's fiscal deficit hit a record Rs 6.62 lakh crore in the April-June period as the coronavirus pandemic-triggered lockdown affected government's revenue collections. Fiscal de...
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"Seen It Only In Media": RBI Governor On Rs 30,000 Crore Reported Payout
The Reserve Bank of India (RBI) today said the government has not dropped in any request for an interim dividend payout of Rs 30,000 crore, after the centre's recent move to cut corporate tax raised worries about a possible widening fiscal deficit, or theshortfall in the government's income compared with its spending.
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Government's Dependence On RBI Payout Leaves Budget Funding At Risk
Slower economic growth has made it harder for the government to improve tax collections and the boost from the central bank and assets sale program are unlikely to be repeated.
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Contingency Fund Falls To Rs 1.96 Lakh Crore After Payout To Centre: RBI Report
The balance in the contingency fund as of June 30, 2019 was Rs 1,96,344 crore compared to Rs 2,32,108 crore as of June 30, 2018, RBI said.
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Urjit Patel Quit Over RBI Payout To Centre, Says Top Panel Member
Former Reserve Bank of India Governor Urjit Patel quit last December after differences over transferring its reserves to the Union government, a member of a panel set up to study the central bank's capital framework has told NDTV.
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Can't Say How Funds From RBI Will Be Utilised: Nirmala Sitharaman
A day after the Central Board of Reserve Bank of India decided to payout Rs 1.76 lakh crore from its reserve and surplus to the government of India, Finance Minister Nirmala Sitharaman on Tuesday said that the government has not yet decided on how the funds from the central bank will be utilised.
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"Outlandish": Finance Minister Dismisses Criticism Of RBI Payout
The record transfer will boost the government's finances at a time it strives to tackle a nearly five-year low economic growth.
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Government "Usurps Huge Windfall From RBI": Jairam Ramesh Hits Out
The Govt of India now usurps a huge windfall from the RBI going contrary to what the central bank's own think tank CAFRAL had said, Congress leader Jairam Ramesh said in a tweet.
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Bonds At Three-Week High, Rupee Gains After RBI Payout To Government
The benchmark 10-year bond yield was at 6.44 per cent, down 4 basis points (bps) on the day after having earlier dropped to a low of 6.35 per cent, its lowest since August 7.
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"Stealing From RBI Won't Work": Rahul Gandhi Attacks Centre Over Payout
Congress MP Rahul Gandhi today made lacerating comments on the Reserve Bank of India approving a record Rs 1.76 lakh crore payout to the government, a move that he said was the same as "stealing from the RBI".
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Sensex Up 200 Points, Nifty Firm Above 11,100: 10 Things To Know
The S&P BSE Sensex and NSE Nifty 50 indexes were trading firmly higher after the Reserve Bank of India's central board decided to payout Rs 1.76 lakh crore of excess funds to the central government. The RBI's payout comes at a time the government strives to tackle a nearly five-year low economic growth with lakhs of estimated job cuts across sector...
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Amid Slowing Growth, RBI's Rs 1.76 Lakh-Crore Payout To Government: 10 Points
The Reserve Bank of India (RBI) on Monday approved a payout of Rs 1.76 lakh crore to the government from its surplus and reserves, after an expert committee chaired by former Governor Bimal Jalan made its recommendations to the central bank. The record transfer, including a surplus of Rs 1.23 lakh crore for 2018-19, will boost the government's fina...
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RBI's Rs 1.76 Lakh Crore Payout To Help Government Manage Fiscal Deficit
Finance Minister Nirmala Sitharaman last week announced various steps to spur growth including hastening capital infusion in state-run lenders even as she strives to meet a narrower fiscal gap goal of 3.3% of gross domestic product.
-
RBI Asks Non-Banks To Stick To Rs 20,000 Loan Cash Payout Limit: Report
India's central bank has asked non-bank finance companies (NBFC) to strictly adhere to a cap of 20,000 rupees ($240) in cash loans, according to a letter seen by Reuters and two people aware of the development, in a bid to deter cash transactions.
-
RBI Draft Dividend Cap: NBFCs Can Handle Ratios By Raising Tier-II Capital, Says Report
RBI's Dividend Cap Proposal For NBFCs: The central bank has proposed to cap the dividend payout ratio for NBFCs at a maximum of 50 per cent
-
RBI Approves Dividend Payout Of Rs 57,000 Crore To Government
The Reserve Bank of India (RBI) on Friday approved an annual dividend payout of more than Rs 57,000 crore to the government. The development comes at a time when the government's fiscal deficit hit a record Rs 6.62 lakh crore in the April-June period as the coronavirus pandemic-triggered lockdown affected government's revenue collections. Fiscal de...
-
"Seen It Only In Media": RBI Governor On Rs 30,000 Crore Reported Payout
The Reserve Bank of India (RBI) today said the government has not dropped in any request for an interim dividend payout of Rs 30,000 crore, after the centre's recent move to cut corporate tax raised worries about a possible widening fiscal deficit, or theshortfall in the government's income compared with its spending.
-
Government's Dependence On RBI Payout Leaves Budget Funding At Risk
Slower economic growth has made it harder for the government to improve tax collections and the boost from the central bank and assets sale program are unlikely to be repeated.
-
Contingency Fund Falls To Rs 1.96 Lakh Crore After Payout To Centre: RBI Report
The balance in the contingency fund as of June 30, 2019 was Rs 1,96,344 crore compared to Rs 2,32,108 crore as of June 30, 2018, RBI said.
-
Urjit Patel Quit Over RBI Payout To Centre, Says Top Panel Member
Former Reserve Bank of India Governor Urjit Patel quit last December after differences over transferring its reserves to the Union government, a member of a panel set up to study the central bank's capital framework has told NDTV.
-
Can't Say How Funds From RBI Will Be Utilised: Nirmala Sitharaman
A day after the Central Board of Reserve Bank of India decided to payout Rs 1.76 lakh crore from its reserve and surplus to the government of India, Finance Minister Nirmala Sitharaman on Tuesday said that the government has not yet decided on how the funds from the central bank will be utilised.
-
"Outlandish": Finance Minister Dismisses Criticism Of RBI Payout
The record transfer will boost the government's finances at a time it strives to tackle a nearly five-year low economic growth.
-
Government "Usurps Huge Windfall From RBI": Jairam Ramesh Hits Out
The Govt of India now usurps a huge windfall from the RBI going contrary to what the central bank's own think tank CAFRAL had said, Congress leader Jairam Ramesh said in a tweet.
-
Bonds At Three-Week High, Rupee Gains After RBI Payout To Government
The benchmark 10-year bond yield was at 6.44 per cent, down 4 basis points (bps) on the day after having earlier dropped to a low of 6.35 per cent, its lowest since August 7.
-
"Stealing From RBI Won't Work": Rahul Gandhi Attacks Centre Over Payout
Congress MP Rahul Gandhi today made lacerating comments on the Reserve Bank of India approving a record Rs 1.76 lakh crore payout to the government, a move that he said was the same as "stealing from the RBI".
-
Sensex Up 200 Points, Nifty Firm Above 11,100: 10 Things To Know
The S&P BSE Sensex and NSE Nifty 50 indexes were trading firmly higher after the Reserve Bank of India's central board decided to payout Rs 1.76 lakh crore of excess funds to the central government. The RBI's payout comes at a time the government strives to tackle a nearly five-year low economic growth with lakhs of estimated job cuts across sector...
-
Amid Slowing Growth, RBI's Rs 1.76 Lakh-Crore Payout To Government: 10 Points
The Reserve Bank of India (RBI) on Monday approved a payout of Rs 1.76 lakh crore to the government from its surplus and reserves, after an expert committee chaired by former Governor Bimal Jalan made its recommendations to the central bank. The record transfer, including a surplus of Rs 1.23 lakh crore for 2018-19, will boost the government's fina...
-
RBI's Rs 1.76 Lakh Crore Payout To Help Government Manage Fiscal Deficit
Finance Minister Nirmala Sitharaman last week announced various steps to spur growth including hastening capital infusion in state-run lenders even as she strives to meet a narrower fiscal gap goal of 3.3% of gross domestic product.
