Bimal Current Affairs, GK & News

RBI’s Surplus Transfer

August 31, 2019

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 ..

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Bimal Jalan committee suggests RBI pay interim dividend to Union government only under exceptional circumstances

August 29, 2019

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 ..

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Bimal Jalan is head of RBI committee to review existing Economic Capital Framework

December 28, 2018

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 ..

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Bimal Jalan head of committee to select new Chief Economic Advisor

September 10, 2018

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 ..

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