The Central Board of the Reserve Bank of India (RBI) on Friday gave its approval to the proposal to transfer a surplus amount of 99,122 crore rupees to the Central Government. A statement issued by the central bank stated that this surplus amount would be transferred to the government for a nine-month accounting period ending on March 31, 2021. The decision was taken in a meeting of the Central Board of Directors of the central bank chaired by RBI Governor Shaktikanta Das on Friday. The meeting took place through video conferencing.
According to an RBI release, the 589th meeting of the Central Board of Directors reviewed the current economic conditions, global and domestic challenges. Also, the recent steps taken by the RBI to reduce the impact of the second wave economy of Covid-19 were taken into consideration.
The functioning of the RBI was discussed during the change of nine months (July 2020-March 2021) in the board meeting. It is noteworthy that RBI has changed its accounting year. Now the accounting year of RBI will also be from April to March.
Earlier, RBI used to consider the accounting year of July-June. Therefore, July 2020-March 2021 was the transition period. During the meeting, the board gave its approval to RBI's annual report and accounts for this transition period.
Deputy Governors Mahesh Kumar Jain, Michael Devvrat Patra, M Rajeshwar Rao, T Ravi Shankar also attended the meeting. Other directors of the Central Board N Chandrasekaran, Satish K Marathe, S Gurumurthy, Revathi Iyer, and Sachin Chaturvedi also attended the meeting. . Apart from these, Devashish Panda, Secretary, Department of Financial Services, and Ajay Seth, Secretary, Economic Affairs also participated.
Corona cases have increased for the second consecutive day in the country. The Health Ministry sa
After a day of relief, the prices of petrol and diesel have increased again today. The price of p
Recently, a bishop from Kerala had commented on love jihad and narcotics jihad. Since then, there
Congress President Mallikarjun Kharge, Sonia Gandhi, and party leader in Lok Sabha Adhir Ranjan C
On Friday morning, the CBI (Central Bureau of Investigation) raided 17 locations linked to RJD Pr
Radhe Shyam earned 200 crores even before its release, now there will be a storm at the box office
Prabhas and Pooja Hegde's starrer film 'Radhe Shyam' has been released at the box office on Frida
Semiconductor Capital, $600 Billion Economy... Attack on Taiwan also damages you
Despite all the warnings from China, US Parliament Speaker Nancy Pelosi's visit to Taiwan has sti
The whole world is currently in the grip of the Coronavirus. Every country in the world is suffer
In the first Test being played between India and South Africa in Centurion, KL Rahul won the hear
The number of youths enlisting in the US military is steadily decreasing. In the financial year 2
