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Source says RBI may pay about Rs 20,000 crore as interim surplus FY19

The finance ministry expects the Reserve Bank of India (RBI) to pay close to Rs 20,000 as interim surplus in the current financial year ending March, a top finance ministry official said. The interim dividend from the RBI will help the central government contain its fiscal deficit, which is strained on account of likely shortfall in GST collections and disinvestment receipts. As of November-end, the government's fiscal deficit had exceeded the full-year target for 2018-19 by 15%.

Read More at Cogencis News date : 24 Jan 2019, Thursday

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