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Finance Ministry may push for ₹30K cr interim dividend from RBI

Jan 21, 2020 15:17 IST

The Finance Ministry is likely to push for a ₹25,000-30,000 crore interim dividend from the RBI at the post-budget vision meeting to check slippages in the fiscal deficit of 3.3% in 2019-20. Government has a Budget estimate of ₹90,000 crore dividend from RBI in FY20 and the RBI follows a fiscal of July-June. The central bank had paid ₹28,000 crore as interim dividend from its 2018-19 fiscal accounts in February, which helped the government contain deficit at 3.4% in the last fiscal.

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