RBI Boost for Government FinancesThe Reserve Bank of India

  • RBI has announced a record-breaking dividend payout of Rs 2.1 lakh crore to the government for the financial year 2023-24.
  • This payout is significantly higher than both budgeted estimates and market expectations.
  • The windfall is expected to provide a much-needed shot in the arm for the government's finances.
  • Analysts predict the dividend to help reduce the fiscal deficit by around 0.2% of GDP.
  • This additional revenue could help the government achieve its ambitious target of bringing down the fiscal deficit for the current fiscal year.

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