New Delhi, May 26 -- Congress MP Jairam Ramesh on Tuesday said that the Centre's finances are "not as rosy" after the Reserve Bank of India approved a transfer of Rs 2.87 lakh crore as surplus to the Union Government for the financial year 2025-26, marking one of the highest dividend payouts by the central bank.

Citing a media report, Jairam Ramesh said that the RBI has cut its Contingency Risk Buffer to payout a huge dividend to the Centre.

"That the Union Govt's finances are not as rosy as is being made out to be is proved by the fact that the RBI has done it a favour and given it a big bonus. After increasing what is called the Contingency Risk Buffer maintained by it for three consecutive years, the RBI decided to lower it for the f...