Economists estimate the surplus transfer-often referred to as the central bank’s dividend to the government-in the range of Rs 2.7 lakh crore to Rs 3 lakh crore. In the FY27 Union Budget, the government has estimated Rs 3.16 lakh crore in dividends from state-owned companies and surplus transfers from the central bank. Last year, the RBI transferred Rs 2.68 lakh crore, 27% higher than the previous year.
Bitcoin trades near $76K, Ethereum at $2,240 as tech selloff, strong US jobs data weigh on crypto markets
Bitcoin hovered near $76,000 and Ethereum around $2,240 as technology stock weakness, AI spending concerns and US crypto legislation uncertainty weighed on sentiment. Despite modest