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The Economic Times
The Economic Times

Punjab FM Cheema urges Centre to share RBI’s ‘extraordinary’ dividend with states

RBI Harpal Singh Cheema Punjab the Reserve Bank of India India Reserve Bank of India

Punjab Finance Minister Harpal Singh Cheema has urged the Centre to share the Reserve Bank of India’s record dividend payout with states, while cautioning that excessive extraction of the central bank’s reserves could weaken India’s long-term economic resilience.

Cheema’s remarks came after the Reserve Bank of India transferred nearly Rs 2.87 lakh crore to the Union government from its total income of around Rs 4 lakh crore, marking one of the highest dividend payouts in the RBI’s history.

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The Economic Times
The Economic Times
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