 "Focus on sustainability of agriculture, not loan waivers, says RBI")
India's government plans to push the central bank for a fiscal lifeline in the form of another interim dividend, as it struggles to meet its expenditure commitments amid a steep revenue shortfall, three sources directly aware of the matter said.
The fresh call comes just months after the Reserve Bank of India (RBI) approved a 1.76 trillion rupees ($24.8 billion) dividend payment to the federal government, including 1.48 trillion rupees for the current fiscal year.
The RBI largely earns profits through its trading of currencies and government bonds. Part of these earnings are set aside by the RBI for its
