RBI dividend: Jalan panel recommendations hold strong, minor tweaks needed

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RBI dividend: Jalan panel recommendations hold strong, minor tweaks needed - Business Standard

Quick Summary:

RBI's dividend transfer to the government based on Bimal Jalan committee recommendations has "stood the test of time" and only some tweaking may be required for the coming five years, a government source said on Friday.

The source said that at a time when the economy is seeing a steady, consistent growth, some alteration in dividend transfer formula may be required to suggest what should be the set formula for the next five years.

The source said the dividend transfer so far has been calculated based on the Bimal Jalan-panel's ECF recommendations and certainly the time to review the framework has come.