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RBI approves highest-ever dividend payout of Rs 2.11 lakh crore to central government!

The Reserve Bank of India, on Wednesday, approved the highest-ever dividend payout of Rs 2.11 lakh …

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RBI approves Rs 87,416 cr dividend payout to the government for 2022-23

The Reserve Bank of India (RBI) approved a dividend payout of Rs 87,416 crore to the central govern…

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Reserve Bank to pay ₹30,307 crore dividend payment to Centre for FY22

The 596th meeting of the Central Board of Directors of Reserve Bank of India was held on Friday at …

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RBI’s annual surplus to the government this year is only one-third of what it was last year

In 2019, the RBI allocated a record ₹1,76,000 crore ($23.5 billion), which was mostly made up of…

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RBI’s gold holdings jump over 17% to a whopping ₹2,30,734 crore

Higher prices may have curbed gold imports but a closer look at the Reserve Bank of India’s annual …

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India's economic narrative brighter; takes charismatic lead in global economic evolution: K M Birla

"With a government-led push to infrastructure investments and pragmatic policies such as the pr…

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RBI bans banks, cooperatives from paying dividends

"In this regard in view of the Covid-19-related economic shocks, commercial banks and cooperative …

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RBI's income grew 20% while expenses shot up by 280% in FY22

While income for the year increased by 20.14 per cent, expenditure increased by 280.13 per cent,…

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A big handout from the RBI could help the Indian government meet its fiscal deficit target

The RBI mainly earns its revenue through the interest on bond-holdings and the sale of gov…

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3 mins read

With a new governor in place, India’s government looks likely to get a payout from the central bank before the end of financial year

The Indian government’s difficulty in meeting its fiscal deficit target, at 3.3% of GDP, for the cu…

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4 mins read

S&P ups India's outlook to positive, raises hope for rating upgrade in 2 years

In a statement on Wednesday, the US-based agency said India's rating can be upgraded in the nex…

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Canara Bank Q4 profit rises 18% to ₹3,757 crore

During the quarter, the bank's total income increased to Rs 34,025 crore as against Rs 28,685 c…

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This Tata group stock doubled investors money in just six months

Shares of Tata Investment Corporation have been rallying this year so much that it doubled in the l…

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ETFs performed better than actively-managed equity mutual funds in FY23

Amid high volatility in the equity markets, exchange-traded funds or ETFs fared better than activel…

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Sebi eases compliance norms on consolidated results for banks, insurance cos

This comes after the regulator received representations from listed entities that are banks or ins…

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4 mins read

COVID-19: CII suggests direct cash transfer of ₹5,000 to 40 crore people

Time is ripe to implement India's version of "Helicopter Drop" fiscal support scheme to avert an im…

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3 mins read

India was the world's fastest growing economy for first 3 months of 2018, but there’s a catch

With a growth of 7.7% in the three months that ended 31 March, India recorded its highest growt…

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8 mins read

Income tax cuts, stake sale in LIC and other highlights from Finance Minister Nirmala Sitharaman's budget speech

Finance Nirmala Sitharaman presented her second annual budget speech. The top highlights from the b…

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6 mins read

Union Budget 2016: Need for Major Decisions

The Central Government is aware of the situation and has consistently been making efforts to revive…