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Reserve Bank of India transfer tops govt's non-tax revenue source

In comparison, the Manmohan Singh government earned about Rs 99,000 crore in its first seven years from FY05 to FY11

Topics
Reserve Bank of India | non tax revenue | UPA

Krishna Kant 



Crony capitalism has built up slowly in India, emerging as a Frankensteinā€™s monster a decade and a half after politicians began to unchain the private sector in the early 1990s

Dividend, or surplus transfer, from the (RBI) has become one of the biggest sources of non-tax revenues for the Centre. In the last seven years, the Union government received a record Rs 5.45 trillion from the RBI at an annualised rate of nearly Rs 78,000 crore.

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First Published: Tue, June 08 2021. 01:04 IST

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