RBI dividends to Modi’s government may double, aiding fiscal gap

The Reserve Bank of India may decide to nearly double its dividend to the government from official estimates due to revaluation gains and profits from selling dollars, which could help bridge the fiscal deficit. A Bloomberg survey of nine economists saw the surplus transfer at 900 billion rupees ($10.9 billion) for the year ended March, compared to the government’s own estimate of 480 billion rupees, which includes dividends from state-controlled banks.

from Economy-News-Economic Times https://ift.tt/kTmIwa0
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