The details of RBI's Currency and Gold Revaluation Account (CGRA) and Contingency Fund for the last five years are as follows:
Currency and Gold |
||
Year (as on |
Revaluation Account |
Contingency Fund |
June 30th) |
(in ₹ billion) |
(in ₹ billion) |
2014 |
5,721.63 |
2,216.52 |
2015 |
5,591.93 |
2,216.14 |
2016 |
6,374.78 |
2,201.83 |
2017 |
5,299.45 |
2,282.07 |
2018 |
6,916.41 |
2,321.08 |
The surplus amounts of RBI transferred to Government during the last three years are as follows:
Year* |
Amount of Surplus transferred (in ₹ billion) |
2016 |
658.76 |
2017 |
306.59 |
2018 |
500.00 |
* RBI's Financial Year is from July – June
This was stated by Shri Pon. Radhakrishnan, Minister of State for Finance in a Written Reply to a Question in Rajya Sabha today.
Join LAWyersClubIndia's network for daily News Updates, Judgment Summaries, Articles, Forum Threads, Online Law Courses, and MUCH MORE!!"