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The Reserve Bank of India has transferred a surplus of Rs. 1.76 lakh crores to the Indian Government. This payment, which is equal to 1.25% of the Indian GDP (in nominal rates for 2018-19) aims to provide some breathing space for the Indian government and allow it to make a higher capital expenditure on infrastructure ..
The Bimal Jalan Committee has suggested that the Reserve Bank of India’s (RBI’s) economic capital framework must be periodically reviewed after every five years and its accounting year (July-June) be aligned with the fiscal year that ends on 31 March. The Committee has recommended that the central bank pay interim dividend to the government (a ..
The Reserve Bank of India (RBI) has constituted an expert committee, headed by its former governor Dr. Bimal Jalan, to review the existing Economic Capital Framework (ECF). The purpose of the committee is to suggest how the central bank should handle its reserves and whether it can transfer its surplus to the Government of India ..
The Government of India (GoI) has constituted a committee, headed by former Reserve Bank of India governor Bimal Jalan, to select the next Chief Economic Advisor (CEA). Apart from Jalan, secretary of the department of personnel and training C Chandramouli and economic affairs secretary Subhash Chandra Garg will be members of the panel which will ..