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What State-Run Oil Firms Can Pay In Dividend To Help India Bridge Budget Gap
The government is yet to receive annual dividend payouts from state-run oil and gas firms.
31 Jan 2020, 12:58 PM IST
With two months left in the fiscal, the government has mopped up Rs 35,000 crore— or a third of its divestment target—by selling stake in public sector companies. One source will help the Modi administration narrow the shortfall: annual dividends that state-run oil companies pay.Public sector enterprises have to pay a minimum annual dividend at 30 percent of the net profit or five percent of their net worth, whichever is higher, acco...
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