BREAKING NEWS

BREAKING NEWS ""**Expected DA for Bank Employees from Aug 2024 MINIMUM 7 SLAB AND MAXIMUM 24 SLAB*****I *****

VISITOR FROM WORLD

Free counters!

YOU ARE VISITOR

Blog Archive

LIVE

BREAKING NEWS ""**If we want PSU bank to compete with Pvt bank ---Give them a break Saturday first****Outcome of Today’s meeting with IBA - 31.01.2023*********

Thursday, August 11, 2016

The Reserve Bank of India will transfer to the central government its surplus profit of Rs 65,876 crore

The Reserve Bank of India will transfer to the central government its surplus profit of Rs 65,876 crore, marginally lower than the amount given last year.

"The (RBI Central) Board approved the transfer of surplus of the Reserve Bank for the year 2015-16 amounting to Rs 658.76 billion to the Government of India," the central bank said in a statement.

The amount was Rs 65,896 crore for the previous year
The RBI follows the July-June accounting year.

The approval to transfer the surplus was taken at the 559th meeting of the Central Board of the RBI, chaired by Governor Raghuram Rajan, on Thursday.

The Board reviewed the current economic situation, global and domestic challenges and policy responses and other specific areas in the working of the RBI.

It also discussed the draft annual report of the Reserve Bank of India for the year 2015-16.

Besides deputy governors Urjit R Patel, R Gandhi, S S Mundra and N S Vishwanathan, the other directors of the Central Board were present at the meeting.

The meeting was also attended by government nominee director Shaktikanta Das, Secretary, Department of Economic Affairs.

Chief Economic Adviser Arvind Subramanian also attended the meeting.

No comments:

Court says Salary Reduction and Designation Downgrade without prior notice violates principles of natural justice

The Patna High Court, through a single-judge bench led by Justice Satyavrat Verma, nullified the Bihar Education Department’s Pay Verificati...

script async src="https://pagead2.googlesyndication.com/pagead/js/adsbygoogle.js">