look news india
New Delhi: The dividend received by the government from public companies has exceeded the revised target for the financial year 2023-24. Official data from the Department of Disinvestment and Public Asset Management shows that during the financial year 2023-24 it will be Rs. 62,929.27 crore, which is about 26 percent more than the revised target.
The higher-than-expected dividend collection is due to the permanent dividend policy introduced in 2020, under which government-run companies will have to pay interim dividends instead of annual payments.
Dividend target at the beginning of FY 2024 is Rs. Which was increased to Rs 43,000 crore in the revised estimate. There was a profit of Rs 50,000 crore. The government has proposed a similar dividend of Rs 100 crore for the financial year 2025. It has been estimated at Rs 48,000 crore.
Despite a sharp increase in dividends in FY2024, disinvestment receipts by central public sector enterprises have lagged behind government estimates. According to official data, the government has achieved about 92 percent of the set disinvestment target at the end of the financial year 2023-24, i.e. Rs. An achievement of Rs 16,507.29 crore has been achieved.
He also said that the government is avoiding setting any specific target for disinvestment from next year. At the beginning of the year, the government announced a disinvestment process of Rs. It was estimated to raise Rs 51,000 crore.
