In an unprecedented fiscal maneuver, the Reserve Bank of India (RBI) has transferred ₹2.7 lakh crore to the central government as a surplus dividend for the financial year 2023–24. This marks the highest-ever dividend by India’s central bank—an economic headline that has caught the attention of global investors, policymakers, and political observers alike.
This year’s dividend is more than triple the ₹87,416 crore transferred in the previous fiscal and far exceeds market expectations. The move is likely to reshape the Union government's spending strategy, offering a significant buffer for infrastructure investments and welfare schemes, while also helping reduce borrowing requirements in FY2
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