Economic impact of RBI’s record dividend to government
The record dividend paid by the Reserve Bank of India (RBI) to the Union government may not be something to celebrate because, legally, RBI is unlike any other bank.
Arun Kumar is a Retired Professor of Economics at the Jawaharlal Nehru University. He is the author of ‘Indian Economy’s Greatest Crisis: Impact of the Coronavirus and the Road Ahead’. 2020. And, Indian Economy since Independence: Persisting Colonial Disruption. 2013. He blogs at http://arunkumarjnu.blogspot.com/.