The Central Board of the Reserve Bank of India (RBI) today decided to transfer a sum of ₹1,76,051 crore to the Government of India (Government) comprising of ₹1,23,414 crore of surplus for the year 2018-19 and ₹52,637 crore of excess provisions identified as per the revised Economic Capital Framework (ECF) adopted at the meeting of the Central Board today. It may be recalled that the RBI, in consultation with the Government of India, had constituted an Expert Committee to Review the Extant Economic Capital Framework of the Reserve Bank of India (Chairman: Dr. Bimal Jalan).

Chief Ministers of different provinces, at the Nepal Investment Summit 2019, has urged domestic and foreign investors to inject investment in different sectors in their respective provinces.

Finance Minister YubarajKhatiwada today said that Nepal has developed a conducive environment for doing business and investment. Citing that all foreign firms in the country have been making at up to 25 percent return against the global average of 10 percent, Khatiwada said that Nepal is a better option for investors in terms of rate of return.

ICT

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Sunday 15,September,2019
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Thursday 15, February, 2018
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