RBI to Pay Rs 50,000 Crore as Dividend to Government For FY18
Wednesday, August 8, 2018, 10:06 PM
The RBI on Wednesday decided to pay a sum of Rs 50,000-crore as dividend to the govt in line with the Union-Budget provisions, enabling the Centre to stick to the fiscal-roadmap. The RBI, which follows July-June financial-year, has paid a dividend that is about 63% higher when compared to the previous-year (2016-17). As on June-2017, the RBI made a dividend-payout of Rs 30,659-crore.