RBI's Rs.99,122 cr Dividend to Govt - Saving Lives and Livelihoods

RBI's big Bonanza of Rs.99,122 crore Dividend in just 9 months being paid to the Government, the 2nd largest, Dividend payout by RBI over the last decade. This comes at a time when funds are needed to Save Lives and Livelihoods of Citizens.

If the government can allocate part of the funds towards procurement of vaccines, setting up additional beds and oxygen facilities in rural India, will help in getting ready for the next wave. Also a part of the funds should be allocated towards writing off all the Bank loans of Business and Livelihoods that have been affected by the Pandemic and Lockdowns. Closing of bank loan will provide Hope for the small and medium sector businesses and employment that has been affected. If not addressed early it may lead to poverty, unrest, and cost of lives just like in the agricultural sector. Like in lives, even in Livelihoods Prevention is always better than Cure. Time for all of us to equally act both upon Lives and Livelihoods and create a better future for generations to come.

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