Dividend Current Affairs, GK & News

Dividend

Dividend is the share in the company’s profit after tax, paid to the shareholders, usually once or twice a year. Dividend payments do not distribute the entire net profit of a company, a part or substantial part of which is held back as reserves for the company’s expansion. Dividend is declared on the face value or par value of ..

RBI approves Dividend of Rs 57,000 crore to Government

The Central Board of the Reserve Bank of India has approved the transfer of Rs 57128 crores as the dividend to the Central government for the accounting year 2019-20 while maintaining the contingency risk buffer at 5.5 per cent. What happened at the meeting? The meeting, chaired by the RBI Governor Shaktikanta Das, focused on ..

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Finance Bill, 2020 passed in Lok Sabha

On March 23, 2020, Finance Minister Nirmala Sitaraman introduced the Finance Bill, 2020. The bill was introduced and passed in Lok Sabha without any discussion. Key Features of the Bill The bill provides the financial proposals of the fiscal year 2020-21. With the bill being passes, the proposals made under the Union Budget 2020-21 has ..

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RBI to transfer Rs 28,000 crore as Interim Dividend to Government

The Reserve Bank of India (RBI) will transfer Rs 28,000 crore as interim dividend to the government. RBI had already transferred Rs 40,000 crore to the government in August 2018 and with the additional 28,000. The government would receive a total of Rs 68,000 crore from the central bank in the current fiscal. This dividend ..

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RBI to pay Rs. 50,000 crore dividend to Government for FY18

The Reserve Bank of India (RBI) has transferred surplus (dividend) of Rs. 50,000 crore to Government for year ended in June 2018, over 63% more than Rs 30,659 crore which it transferred in 2017. Significance of Surplus RBI surplus forms sizeable chunk of revenue which government earns under head of ‘non-tax’, which is mainly dividends ..

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