Budget of the Union has projected the tax deficit at 4.4% for FY26 | Photocredit: Danish siddiqui It is unlikely that record surplus transfer by the reserve Bank of India (RBI) will lower the tax deficit for the current tax (FY2025-26), say various economists. However, a research memorandum from SBI expects the deficit to be […]
The dividend payment of the Reserve Bank of India of almost £ 2.7 trillion to the government has been made possible for robust gross dollar sales, higher exchange rate wines and steady increase in interest income, according to a report from the State Bank of India (SBI). The report noted that this significant surplus transfer […]