RBI’s Transfer of ‘Surplus’ to the Government
Why in the News? The RBI may transfer a record ₹2.5–₹3 lakh crore surplus for 2024–25 after its recent review of its Economic Capital Framework (ECF). About Surplus Transfer by RBI: Legal Basis: Under Section 47 of the RBI Act, 1934, the RBI must transfer its net surplus from its income to the central government. Tax… Continue reading RBI’s Transfer of ‘Surplus’ to the Government

