THE CENTRE'S DIVIDEND receipts from central public sector enterprises (CPSES) climbed to a record high of ₹61,981 crore as of March 8, and may inch closer to ₹65,000 crore by the end of the year, an official source said.
These dividends, which don't include payments from the Reserve Bank of India (RBI) and state-run financial institutions, have been driven by robust performance of companies in a wide spectrum of sectors including petroleum, energy, mining and commodities.
The dividend receipts at ₹61,981 crore so far in FY24 were 24% higher than the revised estimate of ₹50,000 crore and 44% higher than the Budget estimate of ₹43,000 crore. Such dividend receipts were ₹58,988 crore in the whole of FY23 and ₹59,294 crore in FY22.
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