Government treasury being empty, central government will ask for 45 thousand crores from RBI
Government treasury being empty, central government will ask for 45 thousand crores from RBI
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New Delhi: The country's economy is going through a period of extreme recession. In the midst of this recession, the central government can ask for 45 thousand crore assistance from the Reserve Bank of India (RBI). This claim has been made by news agency Reuters. According to Reuters news, the government can take these steps to increase revenue. If this happens then differences may arise again between the RBI and the government.

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The Reserve Bank had asked to give 1.76 lakh crore rupees to the Central Government as a dividend. Out of this amount, Rs 1.48 lakh crore was given for the current financial year (2019-20). According to the report, the RBI earns profits largely from currency and government bond trading. RBI maintains a portion of these earnings as its operating and emergency funds. After this, the remaining amount goes to the government as dividend.

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An official has told Reuters that the current financial year is extremely difficult. This year, due to the economic slowdown, the growth rate can go to the lowest level of 5 years. The government can get relief with financial help from RBI. The source said, "We do not want to make aid from RBI a regular thing, but this year can be considered an exception."

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