{"id":86238,"date":"2019-08-27T15:58:09","date_gmt":"2019-08-27T10:28:09","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=9544"},"modified":"2019-08-27T15:58:09","modified_gmt":"2019-08-27T10:28:09","slug":"rbi-board-approves-rs-1-76-lakh-crore-transfer-to-govt","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/rbi-board-approves-rs-1-76-lakh-crore-transfer-to-govt\/","title":{"rendered":"RBI board approves Rs 1.76 lakh crore transfer to govt"},"content":{"rendered":"\n<ol class=\"wp-block-list\"><li>The Reserve Bank of India(RBI) has decided to transfer a sum of 1.76 lakh crore rupees to the government.The surplus transfer was finalised in keeping with the recommendations of a committee headed by former RBI governor Bimal Jalan.<\/li><li>RBI had constituted a panel on Economic capital framework(ECF) to address the issue of RBI reserves.The panel was headed by Bimal Jalan.<\/li><li>The panel has recommended a distinction between the two components of the economic capital of RBI which are (a)Revaluation reserves and (b) Realized reserves.<\/li><li>Revaluation reserves comprise of periodic marked-to-market notional gains or losses in values of foreign currencies and gold, foreign securities and rupee securities and a contingency fund.<\/li><li>Realized reserves is a form of a contingency fund for meeting all risks or losses primarily built up from retained earnings.It is also called the Contingent Risk Buffer(CBR).<\/li><li>The panel headed by Bimal Jalan has given a range of 5.5-6.5% of RBI&#8217;s balance sheet for Contingent Risk Buffer.Hence,the RBI has decided to set the CBR level at 5.5% of the balance sheet while transferring the remaining excess reserves to the government.<\/li><\/ol>\n","protected":false},"excerpt":{"rendered":"<p>The Reserve Bank of India(RBI) has decided to transfer a sum of 1.76 lakh crore rupees to the government.The surplus transfer was finalised in keeping with the recommendations of a committee headed by former RBI governor Bimal Jalan. RBI had constituted a panel on Economic capital framework(ECF) to address the issue of RBI reserves.The panel&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/rbi-board-approves-rs-1-76-lakh-crore-transfer-to-govt\/\">Continue reading <span class=\"screen-reader-text\">RBI board approves Rs 1.76 lakh crore transfer to govt<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[3554,394,3817],"class_list":["post-86238","post","type-post","status-publish","format-standard","hentry","category-economy","tag-bimal-jalan-panel","tag-rbi","tag-reserve-surplus","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704737414},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86238","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=86238"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86238\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=86238"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=86238"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=86238"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}