Articles for Crore Surplus

Welcome bounty: On the RBI’s ₹2.11-lakh-crore transfer to the Union government
7 months, 2 weeks ago

Welcome bounty: On the RBI’s ₹2.11-lakh-crore transfer to the Union government

The Hindu  

The decision by the Reserve Bank of India’s board to transfer a record surplus of almost ₹2.11 lakh crore to the Union government for 2023-24 will serve as a welcome shot in the arm for the new government when it presents its Budget in July. More than double the previous year’s ₹87,416 crore payout as well as the ₹1.02 lakh …

Rbi
EPFO marginally hikes interest rate on deposits to 8.15 %
1 year, 9 months ago

EPFO marginally hikes interest rate on deposits to 8.15 %

The Hindu  

After a two-day meeting of the Central Board of Trustees of the Employees’ Provident Fund Organisation, which ended here on Tuesday, it was decided to recommend an increase of 0.05% in the interest for Provident Fund deposits. A government release said the interest rate would be officially notified in the government gazette after the approval of the Ministry of Finance, …

Interest Crore Rate Meeting Interest Rate Epfo
TN govt sanctions Rs 7.5 crore to clear major canals, waterways in Chennai
5 years, 4 months ago

TN govt sanctions Rs 7.5 crore to clear major canals, waterways in Chennai

New Indian Express  

Chennai: With only two months left for the North East monsoon to set in, the Tamil Nadu government has sanctioned Rs 7.5 crore to clear major canals and waterways in Chennai to avert floods. Following this, the Public Works Department has prepared a list of 41 pre-monsoon works to be carried out in three major river basins in the city. …

Chennai Pwd Canal Canals Major River Major Canals
Stealing from RBI won't work: Congress slams government over Rs 1.76 lakh crore surplus transfer
5 years, 4 months ago

Stealing from RBI won't work: Congress slams government over Rs 1.76 lakh crore surplus transfer

India Today  

A day after the Reserve Bank of India decided to transfer a record high surplus of Rs 1,76,051 crore to the government, the Congress party said "looting" the central bank would not help in reviving the economy. pic.twitter.com/wZQ6dqYtdi Congress August 27, 2019 "Stealing from RBI won't work - it's like stealing a Band-Aid from the dispensary & sticking it on …

Budget Congress Transfer Bank Bjp Rahul Gandhi Rbi
Bimal Jalan panel to submit report to RBI soon; suggests transfer of cental bank’s surplus capital in tranches over 3-5 years
5 years, 4 months ago

Bimal Jalan panel to submit report to RBI soon; suggests transfer of cental bank’s surplus capital in tranches over 3-5 years

Firstpost  

The six-member panel, under former RBI governor Jalan was appointed on 26 December 2018, to review the economic capital framework for the RBI. The six-member panel, under former RBI governor Jalan was appointed on 26 December 2018, to review the economic capital framework for the Reserve Bank of India after the finance ministry wanted the central bank to follow global …

Finance Report Rbi Subrahmanyam Panel Thorat Jalan