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RBI annual report highlights: Indian economy not as hard hit as COVID first wave
India's economy has not moderated to the extent it did during the first wave but uncertainties can act as a deterrent in the short term, the Reserve Bank of India said on Thursday. In its annual report, the central bank said the country's growth prospects now essentially depend on how fast India can arrest the second wave of COVID-19 infections.
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RBI annual report highlights: Indian economy not as hard hit as COVID first waveBy The Economic Times| 463 views
RBI annual report highlights: Indian economy not as hard hit as COVID first wave
India's economy has not moderated to the extent it did during the first wave but uncertainties can act as a deterrent in the short term, the Reserve Bank of India said on Thursday. In its annual report, the central bank said the country's growth prospects now essentially depend on how fast India can arrest the second wave of COVID-19 infections.
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RBI annual report highlights: Indian economy not as hard hit as COVID first waveBy The Economic Times| 154 views
RBI Annual Report: Central bank's income plunges to Rs 1.93 lakh cr in FY19
The Reserve Bank of India's contingency fund fell to Rs 1.96 lakh crore on June 30, 2019 compared to Rs 2.32 lakh crore on the same date last year, a drop of 15 per cent year-on-year, as per the central bank's annual report.The currency and gold revaluation account also saw a slide from Rs 6.96 lakh crore to Rs 6.64 lakh crore, the report said.The contingency fund fell after the excess payout of Rs 52,000 crore.However as per calculations by experts, the actual gain to the government from the RBI's surplus transfer of Rs 1.76 lakh crore is Rs 58,000 crore.The government has already budgeted Rs 90,000 crore as the dividend for FY20 and Rs 28,000 crore interim dividend has already been paid by the RBI to government in March 2019.
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Watch RBI Annual Report: Central bank's income plunges to Rs 1.93 lakh cr in FY19 With HD QualityBy The Economic Times| 1342 views
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