MUMBAI: Governor Shaktikanta Das on Thursday said it is legitimate for the the Government to demand an interim dividend from the Reserve Bank as it’s part of the statutes and use it the way it wants.
Das, who joined the central bank after the surprise resignation of Urjit Patel following differences with the Government, was replying to a question on the impact of the impact of the Rs 6000-per annum cash payout to around 120 million farmer households on the fiscal numbers and how serious is the farmers’ distress according to the central bank’s assessment.
This was the maiden monetary policy review announced under his chiarmanship.
Das, who retired as the finance secretary last May and was appointed, also parried other questions about the credibility of the budgetary numbers as well as the impact of the other many give-aways in the budget on fiscal slippages.
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