Govt source says expect at least 600 bln rupees as dividend from RBI

Monday, Aug 3, 2020 –Govt source: Expect at least 600 bln rupees as RBI dividend FY21–RBI board likely to meet Aug 14 to decide on dividend By Shubham Batra and Adrija ChatterjeeNEW DELHI — The government expects the Reserve Bank of India to transfer at least 600 bln rupees as surplus this month, a finance ministry official said. “(There is) […]

Govt accepts 1 mln tn more rice from Chhattisgarh in central pool

Monday, Aug 3, 2020 By Sampad Nandy NEW DELHI – The Centre has accepted around 1.0 mln tn more rice, procured by the government of Chhattisgarh, in the central pool in the ongoing marketing year, senior government officials said.  This has taken the overall procurement by the Centre in Chhattisgarh to 4.7 mln tn, from over 3.8 mln tn about a […]

Budget, banking depts spar over 1.25-trln-rupee recapitalisation plan

Monday, Aug 3, 2020 –Govt source: Banking dept seeks 1.25 trln rupees for bks’ fund infusion–Budget dept has reservations on bks capital infusion plan –Banking dept sought PSU bank fund infusion via bonds–Cabinet to take final call on PSU bank fund infusion By Adrija Chatterjee and Shubham Batra NEW DELHI – The Budget and banking departments of the finance ministry […]


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