Govt expects additional dividend from RBI before March 31, says DEA secretary

Reports said that the Indian government expects to receive ₹100 billion ($1.5 billion) as interim dividend from the Reserve Bank of India this month.

The government is expecting an additional dividend from the Reserve Bank of India before March 31,secretary of the Department of Economic Affairs, Subhash Chandra Garg,said on Wednesday.

Subhash Chandra Garg, DEA secretary, said the government expects an additional dividend from the RBI by March 31. (Mohd Zakir/HT PHOTO)

There have been reports that the central bank might pay an extra 100 billion rupees ($1.54 billion) as interim dividend to the government for the fiscal year ending March 2018, though Garg declined to give further details.

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