RBI’s Surplus Transfer to Centre: What Are the Pros and Cons?

Aug 27, 2019, 12:32 PM
On August 26, the RBI approved the transfer of a record sum of Rs 1.76 lakh crores worth dividend and surplus reserves to the government. Why it made to the headlines is because so far the amount has never been so big, it's more than double the usual amount.

Where is this surplus money coming from? Where is it going? If those are your questions, tune in to The Big Story where we deep dive into the math of the surplus transfer, why the sum higher than usual for FY 2019-20 and the pros and cons of this move.