RBI's record dividend of Rs 2.11 lakh crore will be a booster for new govt. to check fiscal deficit
New Delhi [India], May 23 (ANI): The fiscal deficit of the government to reduce by 30-40 basis points from the budgeted level of 5.1 per cent of GDP, highlights a report by SBI.
The report states that following the Reserve Bank of India's (RBI) announcement of a record dividend of Rs 2.11 lakh crore to the central government for the financial year 2023-24, a substantial reduction in the fiscal deficit is on the horizon.
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