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Tamil Nadu to recommend late Chief Minister Jayalalithaa’s name for Bharat Ratna to the Union Government

The cabinet also decided to request the Union government to install a brass statue of Jayalalithaa in the Parliament's central hall

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Tamil Nadu CM Jayalalithaa, Twitter
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Chennai, Dec 11, 2016: The Tamil Nadu government on Saturday decided to recommend to the Union government to confer the BharatRatna on late Chief Minister J.Jayalalithaa.

A meeting of the state Cabinet, chaired by Chief Minister O.Panneerselvam, passed a condolence resolution on Jayalalithaa’s death, and also passed a resolution to recommending to the central government that she be conferred the country’s highest honour.

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The cabinet also decided to request the Union government to install a brass statue of Jayalalithaa in the Parliament’s central hall.

The other decisions taken at the cabinet meeting were to build a memorial for Jayalalithaa at an outlay of Rs 15 crore; rename Bharat Ratnaj Dr MGR (M.G.Ramachandran) memorial to BharatRatna Dr.Puratchi Thalaivar MGR and Puratchi Thalaivi Amma Selvi J.Jayalalithaa memorial. (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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