Modi Printing Rs 3.6 Lakh Cr Would Be Worse than Demonetisation
6 years, 2 months ago

Modi Printing Rs 3.6 Lakh Cr Would Be Worse than Demonetisation

The Quint  

The other day, I got into a Twitter spat with two extremely distinguished gentlemen, one a much feted former CFO of Infosys, and the other a principal economic advisor to the Modi government. I have replayed these two conversations in my mind a million times since then, to understand if I got it wrong. But a million times the answer has come back, unequivocally – what these esteemed gentlemen are saying is intellectually refined stuff; but it’s still a bit of monetary sophistry. The only way I can pay cash to somebody is by either selling/mortgaging my assets, or, if I don’t have enough of that, I could, heaven forbid, just steal it from my neighbour.

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RBI To Pay Record Rs 2.11 Lakh Crore Dividend to Government
7 months, 3 weeks ago

RBI To Pay Record Rs 2.11 Lakh Crore Dividend to Government

Deccan Chronicle  

Mumbai: The Reserve Bank of India's board on Wednesday approved the transfer of record Rs 2.11 lakh crore as dividend to the Central government for accounting year 2023-2024. This is the highest ever surplus paid by the central bank to the government and is a 141 per cent jump from Rs 87420 crore dividend paid in the financial year ended …

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