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 

Dividend, or surplus transfer, from the Reserve Bank of India (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.

In comparison, the Manmohan Singh government earned about Rs 99,000 crore in its first seven years from FY05 to FY11. The United Progressive Alliance (UPA) government earned about Rs 2 trillion from the RBI during its 10-year rule at an annualised rate of Rs 20,000 crore. During the six-year NDA government led ...

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