‘RBI To Give Gov’t Of India Rs. 50,000 Crore Profit…

RBI To Give Govt Of India
Photo courtesy: Google

Reserve Bank of India will transfer a Rs. 50,000 crore profit as a dividend to Government of India for financial year ending March 2018. Not just the profit, RBI does not need these funds as it is one of the top most capitalised banks in the world – what a thought!

This profit would be one of the highest ever profits given to the government – the financial community was expecting much less than this. So this is wonderful news for the government which would use these funds to further help public sector banks reduce their losses and help fund more infrastructure investments

Source: Livemint

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  • 10 Aug 2018
  • WerIndia

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In 1989-90, with Rajiv Gandhi as PM and Farooq Abdullah as CM, 400,000 Kashmiri Pandits, Sikhs & Others FACED GENOCIDE - were slaughtered or forced to leave Kashmir overnight. "The Kashmir Files" shows only a small part of this. Should a Kashmir Genocide Law be made and the atrocities be fully investigated?

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