1. The Reserve Bank of India (RBI) has approved the surplus transfer of Rs 1,76,051 crore to the central government. Out of the total sum, Rs 1,23,414 crore was the surplus from the year 2018-2019 and Rs 52, 637 was from the surplus reserves, identified by the committee as per the revised Economic Capital Framework (ECF).

Reserve Bank of India to transfer surplus of Rs 1.76 lakh crore to government: Key points

A high-level committee set up by the Reserve Bank of India (RBI) on its Economic Capital Framework (ECF) has recommended that surplus reserves held by the central bank be transferred to the government in tranches over three to five years, according to published reports.

Centre may use RBI surplus to tackle fiscal deficit 

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Reserve Bank of India to transfer surplus of Rs 1.76 lakh crore to government: Key points

Centre may use RBI surplus to tackle fiscal deficit