Centre treating RBI like personal treasury while states denied due share: AAP
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Published 5/23/2026, 2:52:37 PM · Updated 5/23/2026, 3:50:56 PMBy TheBriefWire Editorial Team
Key points
- Punjab Finance Minister and AAP leader Harpal Singh Cheema on Saturday attacked the BJP-led Centre over the RBI’s record dividend transfer of Rs 2.87 lakh crore, alleging that the Narendra Modi-led Centre was increasingly treating the central bank as its “personal treasury” to manage fiscal pressures while denying states their rightful share.
- His remarks came a day after the RBI announced a record surplus transfer of Rs 2.87 lakh crore to the Centre for the year ended March 2026, providing a major fiscal boost amid rising import costs and supply-chain disruptions linked to the Middle East war.
- Read Full Story Cheema claimed that since 2014, the Centre had drawn nearly Rs 14.29 lakh crore from the RBI, with more than half of that amount transferred in the last three years alone.
- “The financial structure of the country is based on federalism.
- Every Indian contributes to the economy, and every state...
Published May 23, 2026.
Quick Summary
Punjab Finance Minister and AAP leader Harpal Singh Cheema on Saturday attacked the BJP-led Centre over the RBI’s record dividend transfer of Rs 2.87 lakh
Why It Matters
This development is important because it may impact public opinion, policy decisions, and future developments related to Centre treating RBI like personal treasury while states deni.
Key Takeaways
- Punjab Finance Minister and AAP leader Harpal Singh Cheema on Saturday attacked the BJP-led Centre over the RBI’s record dividend transfer of Rs 2.87 lakh crore, alleging that the Narendra Modi-led Centre was increasingly treating the central bank as its “personal treasury” to manage fiscal pressures while denying states their rightful share.
- His remarks came a day after the RBI announced a record surplus transfer of Rs 2.87 lakh crore to the Centre for the year ended March 2026, providing a major fiscal boost amid rising import costs and supply-chain disruptions linked to the Middle East war.
- Read Full Story Cheema claimed that since 2014, the Centre had drawn nearly Rs 14.29 lakh crore from the RBI, with more than half of that amount transferred in the last three years alone.
- “The financial structure of the country is based on federalism.
- Every Indian contributes to the economy, and every state contributes to national growth and revenue generation.
📌 Source: India Today
The BriefWire