Oil & Gas articles

Government PSU dividend income may fall 20% short of budget this FY; here’s what PSU bosses say

With liberal payouts as dividend and buybacks over the last two years, the central public sector undertakings’ (CPSE) cash surpluses have depleted considerably, so it is likely that their aggregate dividend transfers to the government this year would be some Rs 10,000 crore or about 20% less than the budgeted Rs 52,500 crore.