The bumper 2.11 trillion dividend transfer by the Reserve Bank of India (RBI) to the Centre is expected to give the next government fiscal cushion and greater elbow room for expenditure management, experts said.
The dividend transfer is well above the budgeted figure of 1.02 trillion in the Interim Budget for 2024-25 (FY25), which includes dividends from both the RBI and financial institutions.
"The higher-than-expected dividend gives a fiscal cushion of 35-40 basis points as a ratio to gross domestic product (GDP). This would cover any potential revenue losses such as disinvestment, or more importantly, create room for additional spending," said Vivek Kumar, an economist at QuantEco Research.
Bu hikaye Business Standard dergisinin May 23, 2024 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin May 23, 2024 sayısından alınmıştır.
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