RBI’s Surplus Transfer to Centre: What are the Pros and the Cons?
On August 26, the RBI approved the transfer of a record sum of Rs 1.76 lakh crores worth dividend and surplus reserves to the government. It has made headlines as the amount has never been so great, more than double the usual.
Where is this surplus money coming from? Where is it going? If those are your questions, tune in to The Big Story where we dive deep into the Mathematics of the surplus transfer, explain why the sum is higher than usual for FY 2019-20, and the pros and the cons of the move.