Updated January 21st, 2024 at 21:04 ISTThe robust and more than-budgeted dividend was largely driven by higher RBI surplus transfer. | Image:PexelsDividends from CPSEs: Two things that have given comfort to the government on the fiscal front are direct tax collection, more than budgeted dividends from RBI and Public Sector Enterprises. Going ahead in FY25, ICRA expects robust dividends from RBI and CPSEs. Overall, ICRA has placed the target for dividends and profits at a healthy Rs 1.2 trillion for FY25. However, this would be less than Rs 1.4-1.5 trillion expected for FY24. The robust and more than-budgeted dividend was largely driven by higher RBI surplus transfer. “The dividends…
Read More…
ICRA pegged the target for dividends, and profits at Rs 1.2 tn for FY25- Republic World
