RBI board recommends aligning accounting year with fiscal year from 2020-21
New Delhi: The Reserve Bank board on Saturday recommended aligning the central bank's accounting year, beginning July, with the financial year from 2020-21, an official statement said.
The Central Board of Directors of the RBI at its 582nd meeting reviewed the current economic situation, global and domestic challenges and various areas of operations of the Reserve Bank.
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. It approved forwarding a proposal to the government for its consideration, the RBI said in the statement.
Addressing the board meeting, Finance Minister Nirmala Sitharaman outlined the thinking behind the Union Budget 2020-21 and the focus areas of the government.
She indicated increased complementarity in policy between the RBI and the government to address growth concerns, the statement said.
Complimenting the finance minister on the Budget, the board members made various suggestions for consideration of the government, it added.
The finance minister was accompanied by Minister of State for Finance Anurag Singh Thakur, Finance Secretary Rajiv Kumar and Expenditure Secretary T V Somanathan, among other senior officials.
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“Bleeding on the road, I begged for help but no one came”: Bengaluru woman recounts husband’s death
Bengaluru: A woman in Bengaluru has shared a painful account of how her husband died after they were repeatedly denied medical help and ignored by passersby during a medical emergency, NDTV reported.
The victim, 34-year-old Venkataramanan, a garage mechanic from Balaji Nagar, developed severe chest pain around 3.30 am. His wife immediately took him on a motorcycle in search of medical help.
"He complained about chest pain, and we went to the first hospital. However, the doctor was not on duty. At the second hospital, we were told he had a stroke and to go to another hospital. When we called for ambulance services, they did not respond properly. Humanity failed, but we did our bit by donating his eye." NDTV quoted his wife as saying.
According to the report, after being turned away twice, the couple met with an accident on the road. CCTV footage later showed the woman, covered in blood, pleading with folded hands as vehicles passed by, but no one stopped to help.
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The wait ended after several minutes when a cab driver stopped and rushed Venkataramanan to a nearby hospital. Doctors there declared him dead on arrival.
As per the report, the family decided to donate Venkataramanan’s eyes, giving sight to others even in death.
Venkataraman's mother, who had lost her last surviving child, had no words to express herself: "I have no words. I do not know what to say. My son is gone."
"The government should understand a health emergency. My daughter is left with two children. Who will look after them?" asked his mother-in-law. His wife, mother, and two children, a five-year-old son and an 18-month-old daughter now survive Venkataramanan.
The incident has once again raised serious questions about emergency healthcare access, ambulance response, and public apathy in the city.
