Bimal Jalan Committee Current Affairs, GK & News
RBI surplus transfer to government – Update (May, 2022)
The Reserve Bank of India (RBI) board recently approved the transfer of ₹30,307 crores to the central government for the financial year 2021-22. This is the lowest dividend in ten years. The huge investments of RBI in reverse repo operations had impacted the dividend. In FY21, RBI transferred Rs 99,122 crore to the central government. ..
Month: Current Affairs - May, 2022
Category: Economy & Banking Current Affairs - 2022
Topics: Bimal Jalan Committee • Dividend • ECF • RBI • Reverse repo operations • Subsidies
GoI misses its disinvestment target
Government of India misses its disinvestment target as the plan to sell Bharat Petroleum Corporation Limited (BPCL), Air India and Container Corporation of India has not been succeeded. Highlights The Government had planned to sell 53.3% of BPCL, 31% of Concorp as per latest market prices. The Government had set the Disinvestment target of Rs ..
Month: Current Affairs - January, 2020
Category: Economy & Banking Current Affairs - 2022
Topics: Air India • Bimal Jalan Committee • BPCL • Disinvestments • fiscal deficit • RBI
Government gets Rs 1.76 lakh crore surplus transfer from the RBI
The Indian Government has received a massive boost from the RBI as the RBI has agreed to transfer over Rs. 1.76 lakh crores.? What has happened? The Bimal Jalan committee had recommended the transfer of the surplus funds held by the Reserve Bank of India (RBI). While Rs 28,000 crores had already been paid as ..
Topics: Bimal Jalan Committee • Economy • Economy of India • Funds • RBI • Surplus
Bimal Jalan panel report Delayed
The Bimal Jalan panel formed by the Reserve Bank of India (RBI) to review the economic capital framework of the Reserve Bank of India (RBI) has deferred the submission of its report to the central bank. Why the deferment? The deferment in submission is due to the difference of opinion within the six-member panel over ..
Topics: Bimal Jalan Committee • Economic Capital Framework • RBI • RBI reserves • Reserve Bank of India • UK • Unrealised gains • US
RBI Deputy Governor Viral Acharya quits before his term ends
Viral Acharya Deputy Governor of Reserve Bank of India (RBI) has resigned from his position 6 months before the end of his term citing reason as unavoidable personal circumstances. Acharya, who joined RBI on 23 January 2017 for a three-year term, was youngest deputy governor of RBI post economic liberalisation. He may now return to ..
Month: Current Affairs - June, 2019
Category: Economy & Banking Current Affairs - 2022
Topics: B.P. Kanungo • Bimal Jalan Committee • deputy governor • M.K. Jain • N. S. Vishwanathan • New York University Stern School of Business • RBI Governor Shaktikanta Das • Reserve Bank of India • Urjit Patel • Viral Acharya • Viral Acharya Rresigns RBI
Bimal Jalan led panel defers report on RBI surplus funds
The Reserve Bank of India (RBI) committee led by Bimal Jalan (former RBI governor) constituted for considering guidelines for transfer of central bank’s surplus funds to government delayed submitting its report after lack of consensus among its members. The panel was originally supposed to submit its report in April 2019. Background The RBI committee was ..
Month: Current Affairs - June, 2019
Category: Economy & Banking Current Affairs - 2022
Topics: Arun Jaitely • Bimal Jalan Committee • ECF • Economic Capital Framework • Economy • RBI Governor • RBI's Surplus Capital • Reserve Bank of India • Union Ministry of Finance • Urjit Patel