The Reserve Bank of India (RBI) has approved the transfer of a record Rs 2.11 lakh crore dividend to the Central Government for the financial year 2023-24. This marks a 141% increase compared to the previous year's transfer of Rs 87,416 crore. The surplus was boosted by higher interest income and foreign exchange gains. This massive windfall is expected to help the government reduce the fiscal deficit and support development projects.
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