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The Reserve Bank of India (RBI) on Friday announced it will pay a record dividend of Rs 2.69 lakh crore to the government for the fiscal year ended March 2025, marking a 27.4 percent increase from the Rs 2.1 lakh crore transferred in 2023-24.The dividend pay-out for 2022-23 had stood at Rs 87,416 crore.This decision was made at the 616th meeting of the RBI Central Board of Directors, chaired by Governor Sanjay Malhotra, PTI reported. During the meeting, the board reviewed the global and domestic economic outlook, including associated risks.The board also evaluated the Reserve Bank’s performance for the year April 2024 to March 2025 and approved the Annual Report and Financial Statements for FY25.The transferable surplus was determined based on the revised Economic Capital Framework (ECF), which was approved by the Central Board on May 15, 2025.“The Board…approved the transfer of Rs 2,68,590.07 crore as surplus to the Central Government for the accounting year 2024-25,” the RBI stated.Under the revised framework, risk provisioning via the Contingent Risk Buffer (CRB) is to be maintained between 4.50 and 7.50 percent of the RBI’s balance sheet. Taking into account the macroeconomic environment, the board decided to increase the CRB to 7.50 percent.What is Economic Capital Framework ? The RBI gives dividend to the government on the basis of its Economic Capital Framework (ECF), which was adopted in August 2019 based on Bimal Jalan-led Expert Committee report.The committee had suggested maintaining the Contingent Risk Buffer (CRB) between 5.5 to 6.5 per cent of the RBI’s balance sheet. Last week, the RBI board had reviewed the ECF, which serves as the basis for determining the surplus transfer to the government.In 2023-24 fiscal, RBI had transferred a record Rs 2.1 lakh crore, more than double of Rs 87,416 crore transferred in 2022-23.
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Luxury skincare expansion: L’Oreal acquires majority stake in Medik8; announces 1 billion Euro deal
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Luxury skincare expansion: L’Oreal acquires majority stake in Medik8; announces 1 billion Euro deal
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270 million pulled out of poverty! How Modi government achieved a remarkable dip in extreme poverty & what’s the road ahead? Explained
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Ayodhya land prices: Circle rates revised first time in 8 years; soar up to 200%
[ad_1] For the first time in eight years, Ayodhya has seen a sharp revision in its circle rates, with property prices rising between 30% and 200% across various parts of the district, officials told PTI.The prices are particularly steep within a 10-kilometre radius of the Ram Janmabhoomi Temple, an area witnessing a real estate boom fuelled by religious tourism and rapid infrastructure growth. Here, circle rates have jumped over 150%, pushing land values in the prime zone to Rs 26,600–27,900 per square metre, compared to Rs 6,650–6,975 earlier.Shanti Bhushan Chaubey, sub-registrar of Sadar (Faizabad) tehsil, said the hike followed a proposal submitted last September. “After addressing objections, the new circle rates were approved by District Magistrate Tikaram Funde and have now been enforced,” he said.According to Chaubey, the sharpest hikes were recorded in areas with the most land activity. “Localities […]
China exports: Global shipments rose 4.8% in May; inflow to US falls nearly 35% amid trade talks
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Tata Motors future plans: Rs 33,000-35,000 crore investment to boost passenger vehicles; hoping to lead in EV segment
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[ad_1] The two-wheeler industry in India is set to undergo a massive selling surge, surpassing pre-Covid-19 levels, driven by RBI’s rate cut, strong domestic demand and significant recovery in exports. According to a report by CareEdge Ratings, the sector is expected to register a healthy volume growth of 8–9% in FY26. This follows three years of strong performance, with volumes rising by 8% in FY23, 10% in FY24 and 11% in FY25.A key factor behind this growth is the Reserve Bank of India’s cumulative 100 basis points rate cut since February 2025, including a 50 bps reduction last week, which is anticipated to make vehicle loans more affordable and spur demand.“The cumulative 100 bps rate cut by the RBI since February 2025, with the recent 50 bps rate cut announced last week, is expected to enhance affordability and boost demand” […]
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