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RBI has paid dividend of Rs 66,000 crore to the government


On Thursday, the Reserve Bank of India has paid a dividend of nearly Rs 66,000 crore to the government which is the highest ever from the central bank in its 80 year history and 22 percent more than last year.

This payment would help in easing the government’s finances and will help to meet its fiscal deficit targets, will provide liquidity to the system so that the rate of interest remains low and makes available funds for government’s capital expenditure.

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