RBI to decide on interim dividend: Das

Press Trust of India  |  New Delhi 

RBI on Monday said the central will announce a decision on giving interim to the government once such a final view is taken.

Last fiscal, the RBI paid an interim of Rs 10,000 crore to the Centre. RBI follows the July-June calendar.

"As and when RBI takes any decision on any matter (interim dividend), you will come to know about it," Das said.

Last month, had said the government will seek interim dividend from the of India (RBI).

As per the Budget Estimate, the government projected to collect Rs 54,817.25 crore as dividend or Surplus of Reserve of India, and in the current financial year (2018-19).

The government received Rs 40,000 crore as dividend for the current fiscal while Rs 10,000 crore was paid as interim dividend in the last financial year (2017-18).

In all, the RBI paid a dividend of Rs 50,000 crore to the government in 2017-18.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, January 07 2019. 18:20 IST