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Govt likely to use Rs 3 lakh crore RBI windfall to pay regular bills

Tuesday, June 25, 2019, 5:59 PM

The Bimal Jalan committee report, which is delayed, will lead to transfer of under Rs.3L-crore of excess capital from the Reserve Bank to the government, which will most likely use the money for meeting regular expenses, says a report. The money will come in over three years and is most likely used for regular government spending, Japanese brokerage Nomura said in report Tuesday.
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RBI Panel Defers Reserves Report For Fourth Time: Report

Monday, June 24, 2019, 2:45 PM

A Reserve Bank of India (RBI) panel deciding on guidelines for transfer of the central bank's surplus funds to the government has further delayed submitting its report, an official said on Monday. The six-member panel, headed by Former RBI Governor Bimal Jalan, which was originally supposed to submit the report in April, delayed it for the fourth time due to lack of consensus.
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RBI's deputy Guv Viral Acharya quits six months before his term ends

Monday, June 24, 2019, 10:48 AM

Reserve Bank of India (RBI) Deputy Governor Viral Acharya has resigned six months before the scheduled end of his term in office, as per reports. Acharya will return to the New York University Stern School of Business in August to teach, reports added. He was appointed as Deputy Governor towards the end of 2016 for a term of three years.

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