Punjab Finance Minister Harpal Singh Cheema asked the Centre to share the Reserve Bank of India’s record dividend with all states. He said the RBI dividend share demand matters because states also face inflation, welfare costs, and economic pressure.
The Reserve Bank of India recently announced a dividend transfer of nearly Rs 2.87 lakh crore to the Central government. Cheema said the RBI dividend share demand fits the spirit of cooperative federalism. He added that states also need stronger financial support.
Cheema warned that frequent use of RBI reserves could affect the central bank’s long-term strength. He said India needs a financially stable RBI to handle future economic challenges.
The Punjab minister also said states play a major role in India’s growth. He urged the Centre to share extraordinary financial gains fairly with every state.
