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From Rajan's warning to Patel's exit, RBI surplus has been a hot topic for quite some time

Updated : August 27, 2019 02:31 PM IST

The Reserve Bank of India (RBI) on Monday approved a transfer of Rs 1.76 lakh crores surplus to the government as dividend, the highest ever dividend doled out by the central bank in its history.
Most analysts expect the funds will mainly be used to offset weak tax collections, but risks of a fiscal slippage remain.
RBI surplus has, in the recent years, been an issue that drove a wedge between the government and the central bank.
From Rajan's warning to Patel's exit, RBI surplus has been a hot topic for quite some time
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