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Economy

RBI expected to pay government up to Rs 40,000 crore interim dividend

Updated : January 07, 2019 01:07 PM IST

The dividend could help Prime Minister Narendra Modi's administration bridge a widening budget deficit following a drop in tax collections, and would come after the government pushed the RBI for the additional funds ahead of a national election due by May.
The funds are crucial to meet the fiscal deficit target of 3.3 percent of the GDP for the financial year ending in March, as the government's revenue shortfall may be as high as Rs 1 lakh crore.
RBI expected to pay government up to Rs 40,000 crore interim dividend
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