FinMin Addressed the Central Board of Directors of RBI

Published on February 16, 2020
Current context: The Finance Minister Nirmala Sitharaman, addressed the Directors of the Central Board at the 582nd meeting of the Central Board of Directors of Reserve Bank of India at New Delhi on 15th Feb 2020.
FinMin Addressed the Central Board of Directors of RBI 
  • The FinMin outlined the thinking behind the Union Budget 2020-21 and the focus areas of the Government in the meeting.
  • Shaktikanta Das, Governor chaired the meeting of the Central Board.
  • The Board reviewed the current economic situation, global and domestic challenges and various areas of operations of the Reserve Bank.
  • Major decisions taken during the meet include:
    1. The Board recommended aligning the financial year of RBI, currently July-June, with the Government’s fiscal year (April-March) from the year 2020-21.
    2. The board approved forwarding a proposal to the Government for its consideration.
  • The finance minister was accompanied by Minister of State for Finance Anurag Singh Thakur, Finance Secretary Rajiv Kumar and Expenditure Secretary T V Somanathan, and Dr. Krishnamurthy Subramanian, Chief Economic Advisor.

Question: 

Q.1 The current financial year of the Reserved Bank of India is _____________?
a. April-March
b. June-July
c. July-June
d. March-April

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