RBI Payout Positive For Fiscal Metrics
Global rating agencies on Friday said windfall of Rs2.1 lakh crore dividend from the RBI is positive for India’s fiscal metrics and its usage will provide a signal around the new government’s fiscal priorities.
The board of India’s central bank earlier this week decided to pay Rs2.1 lakh crore dividend to the government from the profits earned in 2023-24. This is more than double of Rs1.02 lakh crore that was budgeted by the government. Fitch Ratings Asia-Pacific Sovereigns Director Jeremy Zook said sustained deficit reduction, particularly if underpinned by durable revenue-raising reforms, would be positive for India’s rating fundamentals over the medium-term.
Truth of Character is expressed by choice of Actions
9 个月34th day : My advice to the customers: Think twice before buying any VOLTAS product. Voltas customer care is sub-standard. I am having a horrid time with Voltas, wherein the technician provided a wrong solution, swindled money and Voltas is yet to send me the bill/receipt even after more than 34 days. Customer care keeps giving me false hopes of resolution. On 21 May, I received an sms from Voltas stating that they have cancelled the Request No unilaterally. After my relentless efforts of posting the issue on this media Voltas initiated a fresh Request number 24052144051. A new set of technicians started calling me and I was asked to again pay for the solution stating that the previous solution was provided by their third party agency and that the solution was wrong!!! I refused to pay and decided to continue with this awareness campaign. Voltas seems to be having an issue with coordinating internally amongst its departments and agencies. There many such unresolved grievances posted by aggrieved customers on VOLTAS pages and on other pages. Overall a very poor service from Voltas. Voltas is unreliable. #Voltas A TATA Enterprise