While the US had a merchandise trade surplus with 125 out of 222 nations in 2012, the number declined to 116 when Trump entered office for the first term.
While approving a surplus transfer of nearly Rs 1 lakh crore, RBI also decided to maintain the contingency risk buffer at 5.50 percent.
The transfer sum comprises of Rs 1.23 lakh crore of surplus for the financial year 2018-19 and Rs 52,637 crore of excess provisions identified under the revised Economic Capital Framework.
In this episode of Editor's Take, Stanford Masters talks to Ravi Krishnan on how the Jalan panel should move forward into fixing upon the right way to transfer the RBI surplus.
"The board today approved the transfer of surplus of the Reserve Bank for the year 2015-16 amounting to Rs 65,876 crore to the government. The amount was Rs 65,896 crore for the previous year," the central bank said in a statement after the board meeting here today.
The Reserve Bank of India also said that balance of payment surplus for Jan-March quarter was USD 3.3 billion against a surplus of USD 4.1 billion in the previous quarter (October-December).
The company has negative reserves and surplus because of accumulated losses. The size of its Balance Sheet is just Rs 3.2 crore and has no non-current assets currently. The company has investments in six companies worth Rs 3 crore.
Oil prices have shed half of their value since June 2014, and are expected to be lower than the breakeven point for Gulf countries in the next three to four years.
India could become a fiscal surplus nation if the government manages to bring back at least one-tenth of the estimated Rs 45 lakh crore black money stashed abroad, industry body Ficci said today.