RBI approves ₹2.11 lakh crore dividend to government for FY24
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The Reserve Bank of India's (RBI) Central Board of Directors has approved a record surplus transfer of ₹2,10,874 crore to the government for the financial year 2023-24. This decision was taken during the 608th meeting chaired by RBI Governor Shaktikanta Das. The surplus transfer is based on the Economic Capital Framework (ECF), adopted by the RBI in August 2019 following recommendations from the Bimal Jalan committee.