Govt may seek another interim dividend from RBI as revenue drops: Report

India's government plans to push the central bank for a fiscal lifeline in the form of another interim dividend, as it struggles to meet its expenditure commitments amid a steep revenue shortfall, three sources directly aware of the matter said.   The fresh call comes just months after the Reserve Bank of India (RBI) approved a 1.76 trillion rupees ($24.

8 billion) dividend payment to the federal government, including 1.48 trillion rupees for the current fiscal year.   The RBI largely earns profits through its trading.

This article is no longer available in our repository.

There could be multiple reasons for this.