SME Times is powered by   
Search News
Just in:   • Trump warns Russia against election meddling  • Hyundai Motor India to raise vehicle prices from Jan 2020  • Auto sales decline by 12 pc in Nov: SIAM  • Send Data Privacy Bill to standing panel: CUTS  • ADB cuts India's growth forecast to 5.1 pc 
Last updated: 12 Jun, 2019  

RBI.9.Thmb.jpg Jalan panel on RBI surplus hope to submit report in June

RBI.9.2.jpg
   Top Stories
» Auto sales decline by 12 pc in Nov: SIAM
» ADB cuts India's growth forecast to 5.1 pc
» Agriculture budget doubled by Centre: Minister
» Rs 5 lakh cr to be spent in infra: Minister
» 'Number of exemptions for startups'
SME Times News Bureau | 12 Jun, 2019
The Bimal Jalan-led committee tasked to make recommendations on the RBI's Economic Capital Framework regarding the central bank's reserves, will meet once again this month and hopes submit its report by end of June, panel Chairman Bimal Jalan said on Wednesday.

The committe met earlier in the day to dicuss the report.

"The report is still not final and there will be one more meeting over this. We will hopefully submit the report by the end of this month," Jalan told reporters here after the meeting.

Official sources, however, said there are differences of opinion among the panel on the amount to be recommended for transfer to the government as surplus from the Reserve Bank of India(RBI), but that the matter is still under discussion to reach a consensus.

According to the sources, the panel is against transferring reserves to the government, and is of the opinion that in case of a surplus transfer, it should be undertaken in a phased manner.

The RBI has current a surplus of Rs 9 lakh crore, of which the government wants a transfer Rs 3 lakh crore.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 12 Dec, 2019
  Daily Poll
Ease of doing business improved in last one year
 Yes
 No
 Can't say
  Commented Stories
» MRF to set up a new plant in Gujarat(2)
» India software market grew 12.4% in H1 2019: IDC(1)
» Starting an import export business: Basic guide for beginners(1)
» "Govt's mantra Sabka Saath, Sabka Vikas, Sabka Vishwas"(1)
» Forex reserves rise by $2.48 bn to over $451 bn(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter