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.
Oscar Award 2023 RRR : Natu-Natu won the award for Best Original Song, rocked the world
Naatu-Naatu Win Best Original Song Award 2023: SS Rajamouli's 'RRR' has once again created histor
According to a report, there has been a good improvement in economic activities after the decreas
Australia PM India Visit Australian Prime Minister Anthony Albanese will be on a tour of India fr
Prime Minister Narendra Modi will visit the US for two days from February 12. During this time he
Love Jihad in Lucknow: Sufiyan, a resident of the Duda colony of Dubagga, threw acquaintance Nidh
The Supreme Court refused to grant minority status to Smarta Brahmins living in Tamil Nadu. Dismi
Inflation is also being affected by domestic development, know what is the opinion of economists
Retail inflation has been running at over 6 percent for the last four months and reached a record
Thousands of teddy bears are thrown onto the pitch by spectators during a Turkish Super League fo
Covid-19 in India: 228 new cases of corona in India amid the panic of BF7, active cases reduced
Coronavirus has wreaked havoc in many countries including China, but in India, its speed has been
Non-availability of medical facilities is a big problem when a passenger's health deteriorates wh
