Wednesday, May 14, 2025 | 05:38 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Consolidation demands

The fiscal picture could get complex

Reserve Bank of India, RBI
Premium

Photo: Bloomberg

Business Standard Editorial Comment

Listen to This Article

The Reserve Bank of India (RBI) board last week decided to transfer a Rs 87,416-crore surplus for 2022-23 to the Government of India. The government had budgeted for Rs 48,000 crore as surplus from the RBI, state-owned banks, and financial institutions. The surplus is almost three times what the central bank transferred for 2021-22, though it accounted for only nine months because of the change in the RBI’s accounting year. The surplus is estimated to have been pushed by the central bank’s foreign currency market operations. Since the RBI has decided to transfer 82 per cent more than the budgeted

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in