The Centre’s dividend assortment from non-financial entities wherein it holds stakes will probably scale a recent peak this fiscal 12 months , with the mop-up already touching nearly ₹60,000 crore, reflecting robust profitability of state-run corporations, mentioned a senior finance ministry official
The Indian authorities is poised to obtain a report ₹66,000-67,000 crore in dividends from non-financial Central Public Sector Enterprises (CPSEs) for the present fiscal 12 months, surpassing the revised estimate of ₹55,000 crore. This anticipated improve is attributed to the strong profitability of state-run corporations, notably within the petroleum, coal, and energy sectors.
As of now, the federal government’s dividend assortment from these entities has already reached roughly ₹60,000 crore. With about three weeks remaining within the fiscal 12 months, officers mission that the overall dividend might escalate to ₹66,000-67,000 crore, exceeding the earlier report of ₹63,749 crore set within the 2023-24 fiscal 12 months.
The entities contributing to this dividend embrace all non-financial CPSEs and corporations the place the federal government holds minority stakes. The improved dividend influx is predicted to offset potential shortfalls within the Centre’s miscellaneous receipts, which embody disinvestment and monetisation, initially estimated at ₹33,000 crore for this fiscal 12 months.
This improvement underscores the federal government’s constant dividend coverage. Within the 2023-24 fiscal 12 months, complete dividend receipts from CPSEs reached ₹67,895 crore, considerably exceeding the revised estimates. As of December 5, 2024, the federal government had realised ₹30,284 crore as dividend receipts from CPSEs for the present fiscal 12 months.
The sustained profitability of CPSEs and their substantial dividend contributions play an important function in bolstering the federal government’s fiscal place, particularly in mild of potential shortfalls in different income streams.
