The Centre’s dividend receipts from central public sector enterprises (CPSEs) will likely be closer to Rs 59,000 crore achieved in the past two years as against the moderate target of Rs 43,000 crore set for 2023-24. This will largely be due to likely robust receipts from energy, power and commodity sector firms.
The Rs 59,000 crore receipts in FY222 and FY23, despite the government reducing its stake in several CPSEs, were aided by higher commodity prices and the policy of the department of investment and public asset management (Dipam) of nudging CPSEs to give higher dividends.
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