Mumbai: Towards aiding the government meet its fiscal deficit target, the Reserve Bank of India (RBI) Monday transferred it a surplus profit of Rs.52,679 crore, the central bank said.
The amount is around 60 percent more than the Rs.33,010 crore given last year.
"The Central Board of Directors of the Reserve Bank of India approved the transfer of surplus amounting to Rs.526.79 billion for the year ended June 30, 2014 to the Government of India," the RBI said in a statement here.
The government proposes to bring down the fiscal deficit to 4.1 percent of GDP in this fiscal from 4.5 percent during 2013-14.
Comments
| Quick linksNews
National
International
Regional
Politics
Education & Career
Business
Science & Technology
Health
Views & Analysis
The Funny Side
© 2012 Awaz Multimedia & Publications. All rights reserved.
The judicial appointments commission bill seeks to regulate the procedure to be followed for recommending people for appointment as Chief Justice of India and other judges of the Supreme Court as well as the high courts and their transfer..... More
Also Read: Don't run down collegium system: Chief Justice Lodha
The 16-year-old's prolific posts on Twitter have made her a social media sensation through the month-old conflict. Once a little known high school athlete, Baker's following on the Web site has jumped from ... More
Americans cannot accept an Iraqi leader who won’t serve their imperial oil and military interests, while Iran would like to see another Maliki who can be used as a tool for advancing ... More
In a surprise support to Hindutva brigade, which is for long demanding a ban on 'azaan on loudspeakers', few Mumbai Muslims Saturday expressed concerns over the rising misuse of loudspeakers from mosque minarets, some even suggesting that ... More