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Centre mulling restructuring of Brahmaputra Board

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New Delhi: The central government is considering a proposal to restructure the Brahmaputra Board into the North East and Brahmaputra River Rejuvenation Authority (NEBRRA), a minister said on Thursday. Homeward_bound

“The proposal to restructure the board into is under consultation with the state governments concerned and the central government ministries,” Minister of State for Water Resources, River Development and Ganga Rejuvenation Sanwar Lal Jat said in a written reply in the Rajya Sabha to a question by BJP MP from Guwahati Bijoya Chakravarty.

“It is proposed that the authority shall have the requisite powers which may be necessary or expedient for the purpose of performing its functions for effective management and development of water resources in the northeast and the Brahmaputra basin,” he said.

According to the minister, the states covered or proposed to be covered under the authority are Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, Tripura and West Bengal.

(IANS)

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RBI To Transfer 50,000cr Surplus To The Central Government

The Reserve Bank's income comprises of earnings from foreign and domestic sources, with the major portion being contributed by interest receipts, complemented by relatively small amounts of income from discount, exchange, commission, etc.

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Reserve Bank of India. VOA

The Reserve Bank of India (RBI) on Wednesday said that it will transfer Rs 50,000 crore as surplus to the central government for the year ended June 30, 2018.

The Central Bank which follows the July-June year had transferred Rs 30,659 crore to the government’s coffers for the year ended June 30, 2017.

According to RBI, the decision to transfer the surplus was taken by its Central Board which met here on Wednesday.

The Central Bank which follows the July-June year had transferred Rs 30,659 crore to the government's coffers for the year ended June 30, 2017.
The Central Bank which follows the July-June year had transferred Rs 30,659 crore to the government’s coffers for the year ended June 30, 2017.

The Reserve Bank’s income comprises of earnings from foreign and domestic sources, with the major portion being contributed by interest receipts, complemented by relatively small amounts of income from discount, exchange, commission, etc.

Also Read: RBI Penalty not to have any material impact: IDBI Bank

The RBI Act stipulates that after making provisions for contingencies and corpus funds as defined therein, the balance profit of the apex bank is to be transferred to the central government. (IANS)

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