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RBI approves to transfers its surplus amount of Rs 99,122 crore to central government

The Reserve Bank of India (RBI) has decided to transfer its surplus amount of Rs 99,122 crore to the central government to boost the pandemic-hit economy. The RBI board has approved the transfer of the huge amount as a surplus to the government for the nine-month accounting period that ended March 31, 2021. The RBI’s decision to transfer funds was taken in the 589th meeting of the Central Board of Directors of the Reserve Bank led by Governor Shaktikanta Das on Friday. The RBI board also reviewed the current economic condition, global and domestic challenges and recent policy measures taken to mitigate the outbreak of the second wave of COVID-19 on the economy.

Read more: Times of India | The Economic Times | The Indian Express | Financial Express

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Avantika Yadav
23, Content Editor @HeadlineEnglish @HeadlineHindi

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